Wealth

Wealth refers to the abundance of valuable resources or material possessions that an individual, group, or nation possesses. It typically encompasses financial assets such as money, stocks, and property, but can also include non-financial assets like education, skills, and social networks. Wealth is often measured in terms of net worth, which is the total value of assets minus liabilities. It plays a significant role in influencing one’s economic status and access to opportunities, such as housing, education, and healthcare. Wealth contributes to an individual’s or society’s overall quality of life and can also reflect social inequality, as disparities in wealth distribution can lead to varying living standards and levels of access to resources and services.