Wealth

Wealth refers to an abundance of valuable resources or material possessions. It encompasses various forms of assets, including financial assets like money, stocks, and bonds, as well as physical assets such as real estate and personal property. Wealth is often measured by net worth, which is the total value of a person’s or entity’s assets minus any liabilities or debts.

In a broader sense, wealth can also encompass non-material aspects, such as intellectual property, social connections, and personal happiness, contributing to an individual’s or community’s overall well-being and quality of life. The concept of wealth varies culturally and economically, with different societies placing varying emphasis on its accumulation and distribution. Wealth inequality, which refers to the uneven distribution of assets among individuals or groups, is a significant issue in many parts of the world and is often associated with discussions around economic justice, social policy, and opportunity.