Assets are the resources a company uses to sell a product or provide a service in order to generate revenue and earn money. are debts or claims to these assets. or capital is the value of assets left after liabilities are subtracted.

debts or claims are not assets. or capital is not value of assets left after liabilities are subtracted

Explanation:

The accounting equation is considered to be the foundation of the double-entry accounting system. The accounting equation shows on a company's balance sheet whereby the total of all the company's assets equals the sum of the company's liabilities and shareholders' equity.The Balance Sheet is a hugely important report and is divided into three main segments assets (often divided into current assets and fixed assets), liabilities, and shareholder equity or retained earnings .Equity is the remaining value of an owner’s interest in a company, after all liabilities have been deducted. You may hear of equity being referred to as “stockholders’ equity” (for corporations) or “owner’s equity” (for sole proprietorships).

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

fractionally backed paper money

fiat money

paper money

metallic money