Journal or Book Title
Survey of Social Science: Economics Series
Frank N. Magill and Demos Vardiabasis
Place of Publication
First Page or Article ID Number
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.
Salem Press, Inc.
Deiter, Ron, "Assets and Liabilities" (1991). Economics Publications. 510.