Wealth  

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 +[[Image:Pyramid of Capitalist System.jpg|thumb|left|200px|''[[Pyramid of Capitalist System]]'', anonymous American cartoon (1911)]]
 +{| class="toccolours" style="float: left; margin-left: 1em; margin-right: 2em; font-size: 85%; background:#c6dbf7; color:black; width:30em; max-width: 40%;" cellspacing="5"
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 +"On a map of the world in terms of product or income per head, the [[wealth|rich]] countries lie in the [[temperate climate|temperate zone]], particularly in the [[northern hemisphere]]; the [[poor]] countries, in the [[tropics]] and semi-tropics" (p. 5). --''[[The Wealth and Poverty of Nations]]'' (1998), David Landes
 +|}
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 +[[Image:Eugène Delacroix - La liberté guidant le peuple.jpg|thumb|200px|This page '''{{PAGENAME}}''' is part of the [[politics]] series.<br><small>Illustration:''[[Liberty Leading the People]]'' (1831, detail) by [[Eugène Delacroix]].</small>]]
 +[[Image:Still Life with Nautilus Cup (1662) is by Willem Kalf.jpg|thumb|right|200px|''[[Still Life with Nautilus Cup]]'' (1662) by [[Willem Kalf]]]]
{{Template}} {{Template}}
'''Wealth''' from the old English word "weal", which means "well-being" or "[[quality of life|welfare]]". The term was originally an adjective to describe the possession of such qualities. '''Wealth''' from the old English word "weal", which means "well-being" or "[[quality of life|welfare]]". The term was originally an adjective to describe the possession of such qualities.
-"Wealth" has come to mean an abundance of items of economic [[Value (economics)|value]], or the state of controlling or possessing such items, and encompasses [[money]], [[real estate]] and personal [[property (ownership right)|property]]. In many countries wealth is also measured by reference to access to essential services such as [[health care]], or the possession of [[Crop (agriculture)|crops]] and [[livestock]]. An individual who is wealthy, affluent, or rich is someone who has accumulated substantial wealth relative to others in their society or reference group. In economics, [[Wealth (economics)|wealth]] refers to the value of [[assets]] owned minus the value of [[liability#Financial accounting|liabilities]] owed at a point in time.+"Wealth" has come to mean an [[abundance]] of items of economic [[Value (economics)|value]], or the state of controlling or possessing such items, and encompasses [[money]], [[real estate]] and personal [[property (ownership right)|property]]. In many countries wealth is also measured by reference to access to essential services such as [[health care]], or the possession of [[Crop (agriculture)|crops]] and [[livestock]]. An individual who is wealthy, affluent, or rich is someone who has accumulated substantial wealth relative to others in their society or reference group. In economics, [[Wealth (economics)|wealth]] refers to the value of [[assets]] owned minus the value of [[liability#Financial accounting|liabilities]] owed at a point in time.
'Wealth' refers to some ''accumulation'' of resources, whether abundant or not. 'Richness' refers to an ''abundance'' of such resources. A wealthy (or rich) individual, community, or nation thus has more resources than a poor one. Richness can also refer at least basic needs being met with abundance widely shared. The opposite of wealth is [[destitution]]. The opposite of richness is [[poverty]]. 'Wealth' refers to some ''accumulation'' of resources, whether abundant or not. 'Richness' refers to an ''abundance'' of such resources. A wealthy (or rich) individual, community, or nation thus has more resources than a poor one. Richness can also refer at least basic needs being met with abundance widely shared. The opposite of wealth is [[destitution]]. The opposite of richness is [[poverty]].
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The term implies a [[social contract]] on establishing and maintaining [[ownership]] in relation to such items which can be invoked with little or no effort and expense on the part of the owner (see [[means of protection]]). The term implies a [[social contract]] on establishing and maintaining [[ownership]] in relation to such items which can be invoked with little or no effort and expense on the part of the owner (see [[means of protection]]).
-The concept of wealth is relative and not only varies between societies, but will often vary between different sections or regions in the same society. For example, a personal [[net worth]] of US $1,000,000 in most parts of the United States [[Midwest]] would certainly place a person among the wealthiest citizens, yet the same net wealth would be considered quite modest on [[New York City]]'s [[Upper East Side]] or in the [[Connecticut]] suburbs. However, such amounts would constitute extraordinary wealth in impoverished [[developing country|developing countries]].  
- 
-Some of the wealthiest countries in the world are the [[United States]], the [[United Kingdom]], the [[Republic of Ireland]], [[Norway]], [[Japan]], [[Kuwait]], [[United Arab Emirates]] (especially [[Dubai]]), [[South Korea]], [[Germany]], [[The Netherlands]], [[Belgium]], [[France]], [[Israel]], [[Taiwan]], [[Australia]], [[Singapore]], [[Canada]], [[Finland]], [[Greece]], [[Spain]], [[Portugal]], [[Sweden]], [[Italy]], [[New Zealand]], [[Iceland]], [[Monaco]], [[Luxembourg]], [[Liechenstein]] and [[Switzerland]], the larger of which are in the [[G8]]. All of the above countries, except United Arab Emirates and Kuwait, are considered [[developed countries]]. 
==See also== ==See also==
 +* [[Conspicuous consumption]]
 +* [[Diseases of affluence]]
* [[Economics]] * [[Economics]]
 +* [[Economic inequality]]
* [[Gross national happiness]] * [[Gross national happiness]]
* [[Happiness economics]] * [[Happiness economics]]
-* [[Productivity improving technologies (historical)]]+* [[Luxury]]
-* [[Working time]]+* [[Poverty]]
- +* [[Post-scarcity economy]]
 +* [[Surplus product]]
 +* [[Wealth concentration]]
 +* [[Wealth distribution]]
 +* [[We are the 99%]]
 +* [[Google tax ]]
{{GFDL}} {{GFDL}}

Current revision

Pyramid of Capitalist System, anonymous American cartoon (1911)
Enlarge
Pyramid of Capitalist System, anonymous American cartoon (1911)

"On a map of the world in terms of product or income per head, the rich countries lie in the temperate zone, particularly in the northern hemisphere; the poor countries, in the tropics and semi-tropics" (p. 5). --The Wealth and Poverty of Nations (1998), David Landes

This page Wealth is part of the politics series.Illustration:Liberty Leading the People (1831, detail) by Eugène Delacroix.
Enlarge
This page Wealth is part of the politics series.
Illustration:Liberty Leading the People (1831, detail) by Eugène Delacroix.

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Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.
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Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.

Wealth from the old English word "weal", which means "well-being" or "welfare". The term was originally an adjective to describe the possession of such qualities.

"Wealth" has come to mean an abundance of items of economic value, or the state of controlling or possessing such items, and encompasses money, real estate and personal property. In many countries wealth is also measured by reference to access to essential services such as health care, or the possession of crops and livestock. An individual who is wealthy, affluent, or rich is someone who has accumulated substantial wealth relative to others in their society or reference group. In economics, wealth refers to the value of assets owned minus the value of liabilities owed at a point in time.

'Wealth' refers to some accumulation of resources, whether abundant or not. 'Richness' refers to an abundance of such resources. A wealthy (or rich) individual, community, or nation thus has more resources than a poor one. Richness can also refer at least basic needs being met with abundance widely shared. The opposite of wealth is destitution. The opposite of richness is poverty.

The term implies a social contract on establishing and maintaining ownership in relation to such items which can be invoked with little or no effort and expense on the part of the owner (see means of protection).

See also




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