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Wealth

The state of having 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 significantly more assets than liabilities. However, socially, a person with too much debt may be considered to be wealthy because others are not aware of his/her true financial state. Excess wealth (and wealthy persons) drives 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, and not just the wealthy, are balanced. A few others believe most wealth ought to be confiscated and redistributed, but this is a minority opinion.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

wealth

the total stock of ASSETS owned by the population of a country. Wealth represents past income flows which have been used to buy such assets as houses, land, stocks and shares etc. One commonly used measure of wealth in the UK is that of ‘marketable wealth’, consisting of those assets which are readily saleable. Wealth in the UK, like income, (see DISTRIBUTION OF INCOME), is unevenly distributed (see Fig. 89). See WEALTH TAX.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
Wealthclick for a larger image
Fig. 197 Wealth. The distribution of marketable wealth in the UK, 2002. The total includes land and dwellings (net of mortgage debt), stocks and shares, bank and building society deposits and other financial assets but excludes life assurance and pensions. Source: Social Trends, 2004.

wealth

the stock of net ASSETS owned by individuals or households. In aggregate terms, one widely used measure of the nation's total stock of wealth is that of ‘marketable wealth’, that is, physical and financial assets that are in the main relatively liquid. In 2002, marketable wealth in the UK totalled around £3,400 billion (this excludes life assurance and pension entitlements, which account for some one-third of all wealth assets but which are not readily liquid). Marketable wealth is not equally distributed in the UK, as Fig. 197 shows. In 2002, the richest 5% of the population owned 43% of marketable wealth.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Based on Prosperity's closing price of USD 67.24 on June 14, 2019, the total consideration was valued at approximately USD 2.1bn, or approximately USD 41.78 per share.
But let me backtrack a bit and talk about how this Prosperity Index is just one of several responses to tackling something even more basic: What is development?
However, we are becoming increasingly aware that prosperity is not only a measure of income or wealth but is far more than that.
He reiterated that prosperity of Pakistan is linked with the prosperity of Balochistan.
When asked about their confidence level for economic prosperity in 2019, 38 percent of respondents said they have "low" confidence or "expect a recession" in the year ahead.
Meanwhile, the following funds placed second in their respective categories: the Sun Life Prosperity Balanced Fund, Inc.
To make prosperity perceptible, populist politics has to rely on the existence of poverty, simply to highlight the possibility of travelling to prosperity.
Cyprus climbed one position from 29 to 28 when compared with 2017 in its overall prosperity score, a general indicator of citizens' welfare and living conditions, but has fallen four places on the rankings table since the prosperity index began in 2006, the research results published on Thursday showed.
HOUSTON: Prosperity Bancshares, Inc.(r) announced net income for the quarter ended September 30, 2018 of $82.523 million, an increase of $14.615 million or 21.5% compared with $67.908 million for the same period in 2017.
'We extend our sincere wishes for peace, prosperity, stability, economic development and long-term prosperity of the brotherly country,' the Foreign Office Spokesman Dr Faisal said in a tweet.
KARACHI -- Christians across the world and in Pakistan celebrated Easter with special prayers of peace and prosperity. In Karachi, the Christian community celebrated Easter with prayers of peace and prosperity.