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  • wealth

    Definitions (3)
    Related Terms
    1. General: Tangible or intangible thing that makes a person, family, or group better off.
    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.
    20 people found this helpful
    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.
    17 people found this helpful
    Down around the corner on the left here, is my boss' house, as you can see, he is quite the accumulator of wealth.
    15 people found this helpful

    Notable Quotable

    What Wealth Does for Individuals
    "The only thing wealth does for some people is to make them worry about losing it."
    - Antoine de Rivaroli
    Cost of Being Wealthy
    "It's so expensive to be rich."
    - Susan Gutfreund
    Condemning Wealth
    "Those who condemn wealth are those who have none and see no chance of getting it."
    - William Penn Patrick
    One Person's Experience on Wealth
    "I started out with nothing. I still have most of it."
    - Michael Davis
    Wealth and Worth Relative to People
    "People's wealth and worth are very rarely related."
    - Malcolm Forbes
    Why Wars are Caused
    "Wars are caused by undefended wealth."
    - Ernest Hemingway
    What Wealth Consists of
    "Wealth consists not in having great possessions, but in having few wants."
    - Epicurus
    Mankind and Wealth
    "The lust of avarice as so totally seized upon mankind that their wealth seems rather to possess them than they possess their wealth. (Pliny, 23-79 A. D.)"
    - Pliny the Elder