A person's debt is how much he or she owes to others.
Debt can be in the form of money, products, or services owed to someone else.
If you borrow money, you are taking on new debt.
An asset is something that has value, such as money, property, or even a nice personality.
Assets can be used to pay off debts.
Specialized knowledge or skills are also assets that can be used to get a job or earn money.
Real estate is property, such as land, houses, and buildings.
Buying, selling or renting property is the business of real estate.
Buying and selling real estate is a popular form of investment.
Inventory is a detailed list of items in one's possession.
In business one's inventory is the supply of items that are ready for sale.
If a store runs out of things to sell, it needs to resupply its inventory.
An investment, is the purchase of an asset with the hope that its value will increase.
A good investment will produce income, such as rental income.
If the value of an asset falls, the investment will lose money.
China is the second largest country in the world by land area.
A major issue for China is the continuing expansion of its deserts, which have led to dust storm each spring.
South Asia is referred to as the indian subcontinent.
It's called a subcontinent because it is separated from the rest of Asia by mountains and seas.
It is one of the world's poorest regions with about 75% of the poor living in rural areas.
Europe is the western neighbor of Asia.
It is separated from Asia by the Ural mountains which extend for 1500 miles and a north-south direction from the Arctic Ocean.
The Philippines is the only country in Asia with a majority of Christians.
The Philippines is an island nation with over 7000 islands.
It's located in the South China sea.
The country's capital city is Manila.
Asia is the world's largest continent, covering about 30% of the Earth's land area.
Several island nations are also a part of Asia, including Japan.
The world's tallest mountains are in Asia, including Mt Everest.
(The traditional boundary line between them is the Ural mountain range.)
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