Tuesday 16 August 2011

What is Wealth?

Like I said in my earlier communication on this issue, there seem to be a general agrement as to what WEALTH is.
Wealth is defined by some school of thought as "An abundance of valuable possession or money".Others see it "As the state of being rich or a state of material prosperity".
Adding to these definitions is the group that see it as "A measure of your ability to do what you should like to do, when you would like to do it. It is a measure of your breadth of your immediately available choices. This is determined by the resources you presently own, as everything require resources".
From the above perspectives, we can begin to agree that the whole essence of wealth centers on material possessions or ownership.
I will dwell on the aboive perspectives in my next communication.Meanwhile,your comments and contributions are highly welcomed.

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