[Answer] When used by socialist the term "Wealth" refers to?

Answer: the property owned and the income acquired minus debts made to the person

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When used by socialist the term "Wealth" refers to? When used by sociologists the term " wealth " refers to _____ . 1) the property that a person owns 2) the property owned and the income acquired minus debts made by the person 3) the income made from a person's occupation 4) the income after state and federal taxes have been withheld When used by socialist the term "Wealth" refers to? the property owned and the income acquired minus debts made to the person What is the average per capita annual income in the US which includes Americans and even children ? When used by sociologists the term wealth refers to the property owned and the from SOCIOLOGY 101 at Hinds Community College When sociologists use the term wealth they refer specifically to what a person or group owns at a specific point in time . Wealth is determined by subtracting the subject's liabilities (what they owe) from their assets (what they own). Wealth is a more scientific way to describe a person's or group's economic worth because it is quantifiable. Socialism. A term coined by the sociologist Anthony Giddens. It referes to New Labour policies after 1992 that steered a path between socialism ('first way') and neo-liberalism ('second way') beoming a middle path to social justice within a free market capitalist society. Being a socialist in Europe has nothing to do with Karl Marx. Being a socialist in Eu...

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