Question

1. what are the differences between income and wealth? 3.2.2 study: social class in the united states copyright © 2024 apex learning inc. use of this material is subject to apex learnings terms of use. any unauthorized copying, reuse, or redistribution is prohibited. term example how obtained income wealth

Explanation:

Income is a flow - it's the money received over a period, like a monthly salary from work. Wealth is a stock - it's the total value of assets (such as property, investments) minus liabilities at a given point in time.

Answer:

Term	Example	How obtained
Wealth	Owning a house, stocks, and having cash in savings	Accumulation over time through savings, investments, inheritance