Definition
- Money
- Money is what people regularly use when buying or selling goods and services, and so both buyers and sellers must widely accept it.
- Not to be confused with: Wealth
- Wealth is the total value of everything a person owns, from savings and shares to a house, after taking away what they owe.
Test yourself
What is the difference between money and wealth?
Money is the most liquid part of wealth; wealth also includes houses, shares and pensions.