Sunday, October 11, 2020
Friday, April 13, 2018
Wealth. Earth Wealth
Wealth
earth-wealth.blogspot.com
Nations definition monetary measure of inclusive wealth is a which includes the sum of natural, human, and physical assets.Natural capital includes land, forests, energy resources, and minerals. Human capital is the population's education and skills. Physical manufactured capital includes such things as , buildings, and infrastructure, machinery
The community, individual,region or country that possesses an abundance of such resources to the benefit of the common good is known as wealthy.
Wealth is the abundance of valuable resources or valuable material possessions. This includes the core meaning as held in the originating old English word weal, which is from an Indo-European word stem .
Defining wealth can be a normative process with various ethical implications, since often wealth maximization is seen as a goal or is thought to be a normative principle of its own.Now concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics yet the meaning of wealth is context-dependent. At the most general level, economists may define wealth as "anything of value" that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts.
Earth Wealth