Wealth
Wealth refers to the abundance of valuable resources or possessions a person or entity possesses. It is often measured in terms of financial value, but it can also include other assets such as property, investments, or valuable possessions. There are several ways to understand and measure wealth: Financial Wealth: This is the most common measure of wealth, focusing on the monetary value of assets and investments, including cash, stocks, bonds, real estate properties, and businesses. Financial wealth helps individuals and organizations gauge their financial security and make decisions related to investments and spending. Net Worth: Net worth is calculated by subtracting an individual or entity's liabilities (such as mortgages, loans, and debt) from their assets (including financial investments, properties, and possessions). It provides a comprehensive overview of their overall financial standing. Income: While wealth represents accumulated assets, income reflects the flow...