Assets

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An asset is a resource with economic value that can be thought of as an item that in the future can generate income and/or reduce expenses. Some personal assets are real estate, automobiles, jewelry, stocks, bonds, as well as certain life insurance. An intangible asset is an asset that isn’t of a physical nature. This would consist of knowledge, intellectual property, goodwill and brand recognition.

 

For further reading:

Glossary, UD: Economic Inequality, , , , , , , ,

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