Wealthy

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Wealthy

Describing a person or entity with strong financial resources. There is no strict definition of how much one needs to have in order to be "wealthy," but, in general, it refers to one with more money or assets relative to others in a society. The wealthy drive economic growth. Some believe this ought to be encouraged, as it eventually makes the remainder of society wealthier; others, however, believe growth is strongest when the needs of multiple classes are balanced. A few others believe wealthy persons ought to have most of their resources confiscated and redistributed, but this is a minority opinion.
References in periodicals archive ?
A Welsh consumer expert last night said the housing boom of the past decade had given homeowners an inflated sense of wealthiness.
Such attitudes may have been nurtured by the sense of wealthiness engendered by rich natural resource endowments and, until fairly recently, by a business environment shielded from foreign competition.
The central government aims to promote the development of rural economy and improve the wealthiness of the rural population through technical support and financial subsidies, while promoting the dairy consumption at the same time.