LeoGlossary: Wealth

2 mo (edited)
LeoFinance
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Measures the of all assets owned by an individual, company, or country.

Net worth is another term that is associated with wealth, which is determined by taking the market value of all physical and intangible assets and subtracting all debts.

From this perspective, wealth is stock whereas income is flow.

Another way of looking at it is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This deals with the term in contrast to where others might align. Here is where the "wealthy" are defined.

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