In order to read or download eBooks, you need to create FREE account. 1000+ eBooks available to read with FREE MEMBERSHIP up to 30 days.
Wealth is usually a measure of net worth that is it is a measure of how much a person has in savings investments real estate and cash less any debtsfor example lets say john doe has a 700000 house a car worth 20000 a medical practice worth 400000 and 5000 in a checking account. The market price however reflects only the commodity price and not necessarily its valuefor example water is essential for human existence but is usually very cheap 2 non monetary wealth things which depend on scarce resources and for which there is demand but are not bought and sold in a market and hence have no price examples are education health and defense. Wealth wlth n 1 a an abundance of valuable material possessions or resources riches gave his wealth away to charity b the state of being rich affluence a community of great wealth 2 goods and resources having value in terms of exchange or use the agricultural wealth of the region 3 a great amount a profusion a wealth of advice