Wealth is the condition of profuse abundance and affluence, having a bountiful supply of material goods, resources and money. It could also be defined as property of economic monetary value.
In Economics, wealth is defined as the stock of physical capital, human resources and net financial worth owned overseas by a country. Physical capital composes ownership of building structures, machines, railroads and other fixed tangible assets. Human capital on the other hand, is the quality work force with emphasis on educational attainment, which contributes to the countrys productivity. While net financial capital is off settled from the monetary value of assets acquired by foreigners in the local economy to the foreign acquisition of the country.
Oftentimes, wealth is associated with money such as savings, investments and other forms of financial capital.
But the word wealth is taken from the Ancient English words weal (well-being) and th (condition), which when combined means condition of well-being. Economic, on the other hand, originates from the Greek word oikonomia meaning household management.
In a different perspective, some individuals view wealth...
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