Assets and Liabilities
Date
1991
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Deiter, Ronald
Professor Emeritus
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Economics
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.
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Tue Jan 01 00:00:00 UTC 1991