According to “Building Black Wealth In
is that point where all reasonable wealth
goals are exceeded for successive generations, it is the epitome
stability, reliability, and security. In New Age and New Thought
circles the term prosperity
is often used to refer to the spiritual principle that holds
that man's birth right in this world is wealth
is best achieved when one creates wealth
be it one's own wealth
or the wealth
of another (debt).
Wealth from the old English word "weal",
which means "well-being" or "welfare". The term was originally
an adjective to describe the possession of such qualities.
has come to mean an abundance of items of economic value,
or the state of controlling or possessing such items, and encompasses
money, real estate,
. In many countries wealth
is also measured by reference to access to essential services
such as health
care, or the possession of crops and livestock. An individual
who is wealthy,
affluent, or rich
is someone who has accumulated
relative to others in their society or reference group.
relates more to the flow of resources
relates more to the static absolute value.
individual, company or community, thus has more resources
than it needs and spends, it enjoys a positive flow of resources,
being. A rich
person, company or community can or cannot be wealthy,
the adjective identifying a quantity of richness,
a static point, not a dynamic flow. Thus we can have rich
individuals who are not wealthy
nations that are not wealthy.
The opposite of wealth is scarcity, the
opposite of richness is poverty.
The term implies a social contract on
establishing and maintaining ownership in relation to such items
which can be invoked with little or no effort and expense on
the part of the owner (see means of protection).
The concept of wealth is relative and
not only varies between societies, but will often vary between
different sections or regions in the same society. For example,
a personal net worth of US $1,000,000 in most parts of the United
States Midwest would certainly place a person among the wealthiest
citizens, yet the same net wealth would be considered quite
modest on New York City's Upper East Side or in the Connecticut
suburbs. However, such amounts would constitute extraordinary
wealth in impoverished developing countries. Some of the wealthiest
countries in the world are; the United States, the United Kingdom,
Japan, Saudi Arabia, Kuwait, United Arab Emirates (especially
Dubai), Germany, The Netherlands, France, Australia, Canada,
Luxembourg, Iceland, Norway and Switzerland, the larger of which
are in the G8.
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