Campus Units

Economics

Document Type

Book Chapter

Publication Version

Published Version

Publication Date

1991

Journal or Book Title

Survey of Social Science: Economics Series

Volume

1

Editors

Frank N. Magill and Demos Vardiabasis

Publisher

Salem Press

Place of Publication

Pasadena, California

First Page or Article ID Number

85

Last Page

88

Abstract

Assets represent things of value that are owned by a household, firm or government. Liabilities are debts that are owed by a household, firm, or government. Each year, trillions of dollars of assets and liabilities constitute an enormous worldwide capital market that is based on the flows of savings and investments.

Comments

This is a chapter from Survey of Social Science: Economics Series 1 (1991): 85. Used by permission of EBSCO Information Services.

Copyright Owner

Salem Press, Inc.

Language

en

File Format

application/pdf

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