In economics, the naturally given, i.e. non-produced, things such as land, mineral resources, free animal and plant stocks or water reserves. – The exact definition poses difficulties because the conceptual content usually used in economic theory is not the same as that used in national accounting. – At the enterprise level, the sum of all assets necessary for operation, such as land, factory buildings, machinery and vehicles, without which it would not be possible to carry out business activities. – Of course, the definition is not uniform here either. Often, stored and manufactured goods – i.e. the inventories in a company – are also included in the tangible assets (current assets). Even if the purchase manager has piled up material that cannot be processed, and even if the goods produced in the company cannot be sold on the market, and perhaps even have to be disposed of at great expense in the end, they are still counted as tangible assets. This is fundamentally contradictory to the usual meaning of wealth in economics. – In the case of private households, the statistics of the Household Finance and Consumption Survey include the following items: – owner-occupied houses and apartments, – other houses and land, – established business operations – the statistics also include one-person businesses and freelancers – as well as – vehicles, collections and jewelry. – See fixed assets, infrastructure capital, capital stock, private households, delimitation, physical capital, wealth, asset. – Cf. Deutsche Bundesbank Monthly Report of January 212, p. 31 (enumeration of tangible assets of private households), Cf. ECB Monthly Bulletin of April 2013, pp. 85 et seq. (detailed and in-depth presentation of the Eurosystem household survey; overviews; literature references; key findings).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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