Definition of Wealth:
General: Tangible or intangible thing that makes a person, family, or group better off.
Accounting: Value of an entitys accumulated tangible cash, land, building, etc.) and intangible (copyright, patents, trademarks, etc.) saleable possessions minus liabilities.
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 scarce resources. Specific people, organizations, and nations are said to be wealthy when they are able to accumulate many valuable resources or goods. Wealth can be contrasted to income in that wealth is a stock and income is a flow, and it can be seen in either absolute or relative terms.
Economics: Total of all assets of an economic unit that generate current income or have the potential to generate future income. It includes natural resources and human capital but generally excludes money and securities because the represent only claims to wealth. Two common types of economic wealth are (1) Monetary wealth: anything that can be bought and sold, for which there is market and hence a price. The market price, however, reflects only the commodity price and not necessarily its value. For example, water is essential for human existence but is usually very cheap. (2) Non-monetary wealth: things which depend on scarce resources, and for which there is demand, but are not bought and sold in a market and hence have no price. Examples are education, health, and defense.
An abundance of valuable possessions or money.
Wealth can expressed in a variety of ways. In a purely material sense, wealth consists of all the real resources under one's control. Financially, net worth is the most common expression of wealth.
Synonyms of Wealth
Affluence, Prosperity, Opulence, Riches, Means, Substance, Luxury, Well-being, Plenty, Deep pockets, Easy Street, Abundance, Affluence, Ample sufficiency, Ampleness, Amplitude, Assessed valuation, Assets, Assets and liabilities, Avalanche, Bed of roses, Bonanza, Bountifulness, Bountiousness, Bumper crop, Capital, Capital gains, Circumstances, Cleanup, Clear profit, Clover, Comfort, Copiousness, Current assets, Deferred assets, Dividends, Earnings, Ease, Easy circumstances, Estate, Extravagance, Exuberance, Felicity, Fertility, Filthy lucre, Fixed assets, Fleshpots, Flood, Flow, Foison, Fortune, Frozen assets, Full measure, Fullness, Funds, Gain, Gains, Generosity, Generousness, Get, Gettings, Gleanings, Goods, Gracious life, Gracious living, Great abundance, Great plenty, Gross, Gross profit, Gush, Happiness, Hoard, Holdings, Income, Intangible assets, Intangibles, Interest, Killing, Landslide, Lap of luxury, Lavishness, Liberality, Liberalness, Life of ease, Liquid assets, Loaves and fishes, Lots, Lucre, Luxuriance, Luxury, Makings, Material assets, Maximum, Mean, Means, More than enough, Much, Myriad, Myriads, Neat profit, Net, Net assets, Net profit, Net worth, Numerousness, Opulence, Opulency, Outpouring, Overflow, Paper profits, Pelf, Percentage, Perk, Perks, Perquisite, Pickings, Plenitude, Plenteousness, Plentifulness, Plenty, Possessions, Prevalence, Proceeds, Prodigality, Productiveness, Profit, Profits, Profuseness, Profusion, Property, Prosperity, Prosperousness, Quantities, Quick assets, Rake-off, Receipts, Repleteness, Repletion, Resources, Return, Returns, Rich harvest, Rich vein, Riches, Richness, Riot, Riotousness, Scads, Security, Shower, Spate, Stock, Stock-in-trade, Store, Stream, Substance, Substantiality, Substantialness, Success, Superabundance, Take, Take-in, Tangible assets, Tangibles, Teemingness, The affluent life, The good life, Thriving condition, Upward mobility, Velvet, Weal, Welfare, Well-being, Winnings, Worth
How to use Wealth in a sentence?
- Wealth is an accumulation of valuable economic resources that can be measured in terms of either real goods or money value.
- Down around the corner on the left here, is my boss house, as you can see, he is quite the accumulator of wealth .
- Net worth is the most common measure of wealth.
- He used his wealth to bribe officials.
- The concept of wealth is usually applied only to scarce economic goods; goods that are abundant and free for everyone provide no basis for relative comparisons across individuals.
- Some say wealth may be time plus mobility plus cash but I also think health is wealth , this is because it may be subjective.
- The multibillionaire computer magnate had amassed so much wealth that hed never be able to spend all of his money even if he lived for thousands of years.
Meaning of Wealth & Wealth Definition