Explain the difference between income and wealth. What will be ...

[lbcchick]

Explain the difference between income and wealth.
 
  What will be an ideal response?

Question 2

Schools play an active part in the process of assimilation, whereby recent immigrants learn dominant values, attitudes, and behavior so that they can be productive members of society. This illustrates which manifest function of education?
 
  a. socializationb. transmission of culture
 c. social control d. change and innovation

[cadimas]

Answer to Question 1

Income is economic gain from wages, income transfers, or ownership of property.

Income is received periodically as returns on work or investments. Wealth refers to

assets that one holds. Wealth is determined by subtracting all debt and converting the

resulting assets into cash.

Answer to Question 2

b

[lbcchick]

Thanks for the timely response, appreciate it

[xoxo123]

TYSM