wealthcaretips

[wealth caretips]

Wealth is the abundance of valuable resources or material possessions.
The word wealth is derived from the old English weal, which is from an
Indo- European word stem. An individual, community, region or country
that possesses an abundance of such possessions or resources is known
as wealthy. The concept of wealth is of significance in all areas of
economics, and clearly so for growth economics and development
economics. Yet the meaning of wealth is context-dependent and there is
no universally agreed upon definition. At the most general level,
economists may define wealth as "anything of value" which captures
both the subjective nature of the idea and the idea that it is not a
fixed or static concept. Various definitions and concepts of wealth
have been asserted by various individuals and in different contexts.
Defining wealth can be a normative process with various ethical
implications, since often wealth maximization is seen as a goal or is
thought to be a normative principle of its own.