Economics B A-Level
Wealth
What Wealth means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Wealth
Check what you remember
Read the wording for your board, then hide it and explain Wealth in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
A stock concept, measuring the total net value of assets owned at a specific point in time, minus any liabilities.
Topics that use Wealth
- Re-distribution of income and wealth (Pearson Edexcel A-Level)
Related terms
- Government intervention
- Incentives to work
- Income inequality
- Progressive taxation
- Relative poverty
- Taxation and benefits
- Wealth distribution
- Income
Using Wealth in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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