Wealth Beyond What Is Needed to Meet Basic Human Needs

question 28

Multiple Choice

Wealth beyond what is needed to meet basic human needs such as food and shelter is known as

• A)excess wealth.
• B)surplus goods.
• C)surplus wealth.
• D)excessive wealth.

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Definitions:

Warranty Of Merchantability

An implied assurance that a product sold by a merchant meets certain quality and usability standards.

Horizontal Privity

refers to a legal relationship in property law, especially regarding real covenants or easements, where the parties deriving benefits and obligations from a covenant have a mutual or successive relationship to the same piece of land.

Express Warranty

A written or spoken promise from a seller to a buyer about the quality or condition of a product, offering assurance that it meets certain standards.

Market Figures

Statistical data related to the financial markets, including prices, volumes, and interest rates.