Define Wealth
Wealth measures the value of all the assets of worth owned by a person, community, company or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts. Essentially, wealth is the accumulation of resources.
Wealth refers to the abundance of valuable resources or possessions that an individual, organization, or society possesses. These resources can include money, property, assets, and other forms of financial and material wealth. Additionally, wealth can refer to the possession of intangible assets such as knowledge, skills, and relationships that can be leveraged to create economic value. Wealth is often associated with financial prosperity and can enable individuals to live comfortable and fulfilled lives, maintain high social status, and have access to opportunities that may be unavailable to those with fewer resources. However, wealth is not always a measure of happiness or success, and individuals with substantial wealth may still experience dissatisfaction and other challenges.
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