what is wealth 
wealth measures the value of all the assets of worth owned by a person community company or country wealth is determined by taking the total market value of all physical and intangible assets owned then subtracting all debts essentially wealth is the accumulation of scarce resources specific people organizations and nations are said to be wealthy when they are able to accumulate many valuable resources or goods wealth can be contrasted with income in that wealth is a stock and income is a flow and it can be seen in either absolute or relative terms investopedia theresa chiechiunderstanding wealthwealth can be expressed in a variety of ways in a purely material sense wealth consists of all the real resources under one s control financially net worth is the most common expression of wealth definitions and measures of wealth have been different over time among societies in modern society money is the most common means of measuring wealth measuring wealth in terms of money is an example of money s function as a unit of account the extent to which outside forces can manipulate the value of money can have a dramatic impact on measuring wealth in this way but it provides a convenient common denominator for comparison otherwise land and even livestock can be used to measure and evaluate wealth the ancient egyptians for instance once measured wealth based on wheat herding cultures have often used sheep horses or cattle as measures of wealth 