Lets start with understanding the term WEALTH.
In financial terms WEALTH is a measure of net value of all of the assets of any worth owned by an individual person, family, organisation or country. Wealth is then determined by taking the total market value of all the physical and intangible assets assets of the entity and then subtracting all the debts.
ASSETS - DEBTS = WEALTH
It is the accumulation of resources. People are said to be wealthy when they are able to accumulate many valuable resources or goods.
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