Wealth measures the valued of all the assets of worth owned by the person community company or country. Wealth is determined by talking the total market value of all physical and intengible assests owned then subtracting all debts.
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If i understand you well, life can also be termed as wealth. This is my first time hearing this. Well I like your illustration about wealth at least it’s way different from most people’s definition of wealth.It must have utility. It must have the authority to fulfill a need. It must be limited in supply. For instance, for life, air and sunshine are essential. Wealth should be transferable. It must have value for money. It may be external.
I think that wealth for a men is full fill of all needs like money and massive amount of resource of money for suffering a good life and he have so much money and more business and he also a rich person.Over the years the definition of wealth has generated so much curiosity and questions. A lot of different veteran investors, notable business owners , motivational speakers, idealists , academics have defined given different definition to wealth.
Buckminister fuller defined wealth as the ability of a person to survive so many numbers of days forward...
A notable business owner ;TONY was quoted by Charles Richards in his book titled ‘psychology of wealth’ define wealth as having what you really want in life.
These two definition are different from each other but still there’s an atom of correlation in them. Even though the yardstick for measuring wealth has changed over the time yet there’s a common denominator which is the desire to make life better.
From your understanding,How do you define wealth?