Answer to Question 1
Wealth, or net worth, is the total value of what an entity owns minus what it owes. It is a stock measure because wealth is measured at a given point in time. Income is the sum of all wages, salaries, profits, interest and other forms of earnings for an entity over a given period of time. Because it is measured over a period of time, it is a flow measure.
Answer to Question 2
It is assumed that households possess knowledge of the qualities and prices of all goods available in the market and that firms have all available information concerning wage rates, capital costs, and output prices.
Energy flow through an ecosystem.
Transurethral resection of the prostate (TURP). As a treatment for BPH, part of the prostate gland i
Distribution of the Income of Americans
Food webs show feeding relationships and energy flow
Capital’s Share of Income in a Cross-Section of Countries
Agricultural Land as a Fraction of Total Wealth in the United Kingdom