2. Accounting: Value of an entity's accumulated tangible cash, land, building, etc.) and intangible (copyright, patents, trademarks, etc.) saleable possessions minus liabilities.
3. 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.
Use 'wealth' in a Sentence
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 he'd never be able to spend all of his money even if he lived for thousands of years.
Down around the corner on the left here, is my boss' house, as you can see, he is quite the accumulator of wealth.
You Also Might Like...
Notable Quotable
Cost of Being Wealthy
"It's so expensive to be rich."
Condemning Wealth
"Those who condemn wealth are those who have none and see no chance of getting it."
The Division of Wealth and the Wealthy
"If all the rich people in the world divided up their money among themselves there wouldn't be enough to go around."
A Perspective on Wars and Wealth
"Wars and revolutions and battles are due simply and solely to the body and its desires. All wars are undertaken for the acquisition of wealth; and the reason why we have to acquire wealth is the body, because we are slaves in its service."
One Person's Experience on Wealth
"I started out with nothing. I still have most of it."
Wealth and Worth Relative to People
"People's wealth and worth are very rarely related."
Why Wars are Caused
"Wars are caused by undefended wealth."
What Wealth Consists of
"Wealth consists not in having great possessions, but in having few wants."