Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word weal, which is from an Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics, yet the meaning of wealth is context-dependent. An individual possessing a substantial net worth is known as wealthy. Net worth is defined as the current value of one's assets less liabilities (excluding the principal in trust accounts).At the most general level, economists may define wealth as "the total of anything of value" that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts. Defining wealth can be a normative process with various ethical implications, since often wealth maximization is seen as a goal or is thought to be a normative principle of its own. A community, region or country that possesses an abundance of such possessions or resources to the benefit of the common good is known as wealthy.
The United Nations definition of inclusive wealth is a monetary measure which includes the sum of natural, human, and physical assets. Natural capital includes land, forests, energy resources, and minerals. Human capital is the population's education and skills. Physical (or "manufactured") capital includes such things as machinery, buildings, and infrastructure.

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  1. keisangora

    Stock market losses wipe out $9 trillion from Americans' wealth.

    Falling stock markets have wiped out more than $9 trillion in wealth from U.S. households, putting more pressure on family balance sheets and spending. Americans' holdings of corporate equities and mutual fund shares fell to $33 trillion at the end of the second quarter, down from $42 trillion...
  2. Crocodiletooth

    Wealth goes beyond material possessing (intelligent only) do accept this?

    Stop being fooled by the illusion of wealth. Big houses, expensive cars, designer items, and a fancy lifestyle are not wealth; they are debt. Wealth is #time, #freedom, #options, and #health. Do you trust this?😁😁😁
  3. W

    Kati ya Urusi na Marekani nani ana nguvu kubwa kijeshi?

    Wapwa naomba mnisaidie kushinda mabishano, kati ya Mrusi na Mmarekan nani ana strong army yenye technolojia ya silaha kubwa zaidi, nani ana vifaa hatari vya vita, nani mbabe?
  4. IamJackReacher

    The True Wealth of Africa!

    The Citizen Online: Rare ‘fancy vivid pink’ diamond from Mwadui Tanzania sells for Sh133.9 billion in Hong Kong When I hear a few brave African leaders boast about Africa's wealth, I always wonder what they know that the average citizen does not! I then realized that whenever news of...
  5. Andrew Ikingura

    There are no secrets in becoming too wealthy, you just need to be more than informed to reach where you always want to reach

    There are no secrets, just as there are no get-rich-quick schemes, so avoid purchasing any of them as well. You will be offered loads. All kinds of opportunities will present themselves to you as soon as your emphasis is on being successful. And they'll all promise to reveal the trade secrets...
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