contestada

What is the difference between income and wealth and why do we need to understand these differences in order to realistically comprehend the meaning of social class?

Respuesta :

Answer:

Explanation:

Income is the money an individual (or business) receives in exchange for providing a good or service; wealth is the abundance of the former.

As Marx convincingly pointed out: wealth or capital can and is used to control means of production in order to make large profits with the goods or service provided by those who don´t have any control.