Money is a universally accepted medium of exchange that allows people to trade goods and services efficiently. It typically comes in the form of coins and banknotes, but also includes digital and electronic forms. Money also serves as a unit of account, a store of value, and a standard of deferred payment.
Profit is the financial gain that results when revenue exceeds the costs and expenses associated with producing goods or services. It is a key indicator of business performance and sustainability.
Wealth is the total value of all assets owned by a person, community, or nation, minus any debts or liabilities. It encompasses physical and financial resources and is a measure of accumulated assets over time.
