Being wealthy means your assets grow larger, and their value increases too. The purpose of all economic activity is to secure assets. The more assets you have, the more opportunities you create. Assets represent the total of what one owns and borrows from others. In other words, it is the complete amount of resources available for earning time. Resources serve as the foundation for acquiring additional resources. It’s like using small earthworms as bait to catch fish. Thus, it is said that money makes money. This is referred to as financial income. Income is primarily categorized into earned income and financial income. If you have a substantial earned income but lack financial income, you are more likely to face poverty in the future. - Joseph’s “just my thoughts”
Economic activity must accompany a counterparty. Since people couldn't live alone anyway, they exchanged whatever goods met their needs, and as a result, an "economic system" was created. The standard of exchange is called "value" and the numerical representation of it is called "price. "Value" and "price" certainly do not necessarily match, and one of the main reasons is "competition. In the end, value is exchanged for price. Values are offered at the pricing initially presented by others or at a provider's insistence that wants to earn profit at first. If only the offered price is recognized by others, the recognized price is accepted as its determined value. The price of one's wage agreed upon with another is the real price of one. All other evaluations and recognitions except the above are only self-justifications and excuses. - Joseph’s “just my thoughts”