An economic asset is an item of value owned by an investor or business. It can either be tangible (e.g. property, equipment) or intangible (brand value, intellectual property). Economic assets are used to create wealth and drive profit; they generate revenue, save money, and provide value to customers. Economic assets serve as the foundation for a business’s success in the long-term. Therefore, it is important for businesses to invest in them wisely and manage them efficiently if they want to maximize their return on investment.