When used by sociologists, the term "wealth" refers to ________.
A) the property that a person owns
B) the income made from a person's occupation
C) the property owned and the income acquired minus debts made by the person
D) the income after state and federal taxes have been withheld

Question

Quizplus · Accepted Answer

When sociologists use the term "wealth," they are referring to both a person's property (such as assets like a house or car) and their income (like their wages or investment profits) minus any debts they may have. This gives a more complete picture of a person's financial standing than just looking at property or income alone.

When Used by Sociologists, the Term "Wealth" Refers to ________