The asset-based economy is a post-industrial macroeconomic state of capitalism in which growth is based largely on appreciation of equity assets, typically instruments such as company shares, as well as real estate. The term has been applied, often in a derogatory sense, to the economic conditions in the United States in the 2000s, during the recovery from the bursting of the dot-com bubble.
The asset-based economy is a post-industrial macroeconomic state of capitalism in which growth is based largely on appreciation of equity assets, typically instruments such as company shares, as well as real estate. The term has been applied, often in a derogatory sense, to the economic conditions in the United States in the 2000s, during the recovery from the bursting of the dot-com bubble.
Source: Wikipedia "Asset-based economy" · CC BY-SA 4.0
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