Wealth (Wealth) is the totality of all material and non-material values of a person or society as a whole.
The wealth of society in the traditional sense, which dates back to the founders of the classical school (A. Smith, D. Ricardo, etc.), was considered as a set of material goods accumulated by the labors of both previous and present generations. Modern economics, on the other hand, is critical of the proposition that there is only one material content of wealth. Today, a different approach to understanding this category is characteristic, namely, that wealth is everything that people value. Such a definition of wealth allows us to attribute to it natural resources, and innate human abilities, and professional knowledge, and free time. From the point of view of theory, such a definition of wealth allows us to shed light on the various subtleties of this economic category. On the other hand, when it comes to international comparisons of national wealth and statistical calculations, such a broad definition of wealth makes it difficult (if not impossible) to calculate specific numbers. We must also not forget that all the wealth of society can be represented both in cash and in kind. Therefore, when the value of money itself changes, one can come to different results of evaluations of the same set of material goods. In addition, a change in the estimates of the people themselves can lead to a change in the real size of the wealth of a particular state. For example, in the USSR, a number of shoes were produced per year that far exceeded those of England, Germany and France combined. The production of metal-cutting machine tools, cement, etc. also exceeded the indicators of the most developed countries in the world. But are these indicators, reflecting the production of goods, the real creation of wealth in the country, if, for example, people bought shoes of domestic producers only when they did not find imported ones? Is Russia poor or rich? You can always hear directly opposite answers to this question. Yes, we are poor, because we do not have enough housing at affordable prices, domestic clothing, domestic food, etc. Yes, we are rich, because we have colossal reserves of natural resources, a priority in many scientific studies, and qualified personnel. Sometimes the question is put differently: if we are so rich, why are we so poor? Have we become richer if, for example, we increased the production of gas and oil at the cost of environmental pollution?
It should be noted once again that the understanding of wealth largely depends on people's assessments. In many ways, this is a normative category, and outside the judgments of people about the value of any good, they do not exist. Also, wealth can be imagined as everything that expands a person's choice, his alternative opportunities. From this point of view, money, things, free time, natural resources, and knowledge expand people's choices and can be equated with wealth.
It must always be seen in the context of satisfying needs. For example, if goods are available in the quantity in which they are able to satisfy all our needs to full saturation and are available, then we can say that we are rich. But more and more we turn our attention to the normative context in the definition of wealth. Is a millionaire who is bedridden and physically and mentally incapacitated rich? Is a yogi rich who lives on a minimum of food and is busy realizing God? What does the rather popular expression “the main wealth is freedom” or “the main wealth is health” mean? Is it possible to be free at the same time without having that amount of goods, which is called the subsistence minimum?
All these questions in the analysis of the concept of wealth are posed in order to emphasize the importance of normative, evaluative categories in economic theory.
WEALTH, -a, cf. 1. See rich. 2. The abundance of material values, money. National wealth.
Watch value WEALTH in other dictionaries
Wealth 1— security
prosperity
Synonym dictionary
Wealth 2- abundance
profusion
abundance
abundance
generosity
Synonym dictionary
Wealth 3- luxury
splendor
chic
Synonym dictionary
Wealth- cf. plenty, abundance, abundance, excess, excess. harvest. thoughts. | The abundance of property, stomachs, money, yarosl. bonfire richly, arch. wealth, lower wealth, ryaz. rich........
Dahl's Explanatory Dictionary
Wealth- wealth, cf. 1. Large property, advantage. monetary.|| advantage pl. The totality of material values. The natural wealth of the USSR is incalculable. 2. trans. A bunch of,........
Explanatory Dictionary of Ushakov
wealth cf.- 1. Material values, money, jewelry. // Luxury, splendor, magnificence. // Something that is of value only to someone. 2. Abundance, diversity of natural ........
Explanatory Dictionary of Efremova
Wealth- -A; cf.
1. Abundance of material values (money, jewelry, real estate, etc.); great fortune. amass, accumulate b. Multiply b. of their country. Unseen.....
Explanatory Dictionary of Kuznetsov
Wealth- a set of material values, money.
Economic dictionary
Wealth National- the most important characteristic of the economic potential of the state is the totality of material goods created by the labor of generations that society has at its disposal. In B.n .........
Economic dictionary
Material Wealth— real
assets,
Durable assets that provide immediate returns over a period of time
period of time. Material
wealth........
Economic dictionary
World Investable Wealth— Part of the world's wealth that becomes available to investors in
the bidding process.
Economic dictionary
National Wealth- the totality of natural resources, created means of production, material goods, values that the country has.
Economic dictionary
National Wealth Per Capita— PER CAPITA WEALTHSee NATIONAL WEALTH
Economic dictionary
Wealth (wealth; Welfare)— The value of assets owned by a person or group of persons. Economics began with the study of the nature of wealth (for example, Adam Smith's The Wealth of Nations) and ........
Economic dictionary
Material Wealth- - real assets, durable assets that directly give returns over a certain period of time Material wealth is capital and land.
Law Dictionary
National Wealth- - the most important indicator of the economic state of the state, representing in monetary terms the totality of consumer values created and accumulated ........
Law Dictionary
People's Wealth- see National wealth.
National Wealth- the most important indicator of the economic state of the country, representing in monetary terms the totality of benefits created and accumulated by society for the entire time of its production ........
Big encyclopedic dictionary
Russian Wealth- monthly literary, scientific and political magazine, 1876-1918. Founded in Moscow, from ser. 1876 published in St. Petersburg. From 1880 it was published by an artel of writers of the populist direction: ........
Big encyclopedic dictionary
Wealth- -can have a different character, see the tabernacle, Solomon, Mt 19.21, Lk 16.8-13.
Historical dictionary
wealth (wealth)- an abundance of property, stomachs, money (V. Dahl). In Russia, there is a different attitude to money and wealth than in the West. For a Westerner, freedom is embodied in money........
Historical dictionary
National Wealth- - the totality of material goods used by society
Historical dictionary
Russian Wealth- - one of the most influential monthly magazines before the revolution. It began to appear under this name in 1880. In 1891, it passed into the hands of former employees of Otechestvennye Zapiski.........
Historical dictionary
Russian Wealth- literary, scientific and social and political. magazine; published in St. Petersburg (then Petrograd) in 1876-1918; in 1879 it was transformed into a general monthly magazine. In the history of the magazine...
Soviet historical encyclopedia
The path to wealth is the path to what? Who can be considered rich?
Is wealth synonymous with high income or expensive property? For some, maybe...
Money is not yet wealth, and the amount of money cannot serve as a measure of wealth (or rather, it can, but only indirectly). In fact, the money itself has no value at all - it's just pieces of paper with numbers and portraits. People who agree to exchange these pieces of paper for something you need give value to money. There is a popular expression: “in the desert, a mug of water is worth millions.” Indeed, in the absence of the ability to buy anything, money becomes absolutely unnecessary.
How can you value the wealth of a top manager who earns several hundred thousand dollars a year, but does not have time to be with his family? Or who is richer - a millionaire dying of a serious illness, or a person without funds, but with excellent health?
The true amount of wealth can only be judged by the quality of life. Only the one who can live his life the way he wants to live is truly rich, even if such a life is not associated with millions in a bank account. To be rich means to live in abundance - such abundance as you imagine it to be.
Wealth- the ability to maintain a habitual way of life in the absence of earnings for a long time.
Wealth is freedom of choice. The choice to work or not to work. Spend your time as you want, regardless of financial restrictions.
The amount of wealth in monetary terms for each person is different and depends on the same “usual way of life”. Only you can name the amount that it means for you to be rich. And even if you do not get into the list of multibillionaires, this will not prevent you from enjoying the wealth of your own life.
Learn more: free course "How to become an investor?"
The world of personal finance loves to educate naive investors. Like, investing is easy and simple. Follow a couple of simple rules, and you will get rich quickly and effortlessly.
Wealth means a set of objects that serve to satisfy human needs and are in the possession of an individual, group of individuals or an entire people. This definition, given by the best representatives of the English classical school, Adam Smith and Ricardo, identifies the concept of wealth with the concept of property in general, however great or small the latter may be. But the Russian language, as well as some of the other European languages, for example. German, it is common to use the word "wealth" in the sense of significant property - significant both in comparison with the sum of the needs of the owner, and in comparison with the property of other persons. We call a rich man who can eat well, dress well, and accommodate himself, can satisfy all the requirements of comfort and luxury, without diminishing his fortune and, moreover, without considerable labor on his part. Since the way of life and the needs of people are changeable, the person who is reputed to be a rich man in a provincial city can be considered only a person of average means in the capital. - It must be borne in mind that the composition of wealth does not include all objects that provide utility or pleasure, but only those of them, for the receipt of which a person must expend some effort and for which, for this reason, in the modern exchange economy you can get in exchange any other things or services. So, for example, air is a basic necessity for a person, but it cannot be counted among the wealth of either an individual or an entire country, because it is obtained free of charge, without any efforts or donations on the part of a person. In whatever sense the word "wealth" is understood - whether in the sense of property in general or in the sense of significant property, in any case, in defining it, one should distinguish between the point of view of an individual and an entire people. For a whole nation, only such objects are wealth, which in themselves serve for some benefit or pleasure; For an individual person, wealth can be, in addition, those requirements that he has in relation to other persons, for example. debt obligations of other persons, shares indicating participation in some enterprise, state funds and other interest-bearing papers. When we wish to calculate the wealth of an individual, for example, in determining an inheritance, we include all such requirements; meanwhile, from the point of view of the whole people, they do not and cannot constitute wealth: by increasing the property of one person, these demands reduce the wealth of another and, consequently, do not produce any change in the sum of the entire national wealth. If the state found it possible to abolish these mutual obligations or to postpone them for a certain time, then the property of an individual person could suffer damage from it, but the sum of the wealth of a whole people would not experience any change. Another difference between the wealth of an individual and that of a whole people is that the former can change as a result of the rise in the exchange value of its constituent objects, while the latter is not affected by these changes. As a result of a bad harvest, the exchange value of the harvest may rise twice as high as in a good year, and this will entail an increase in the wealth of individuals who have stocks of grain; but it would be strange to say that a whole nation is richer with a smaller harvest than with a larger one. Therefore, if it is desired to make an accurate assessment of the wealth of the people, then this goal cannot be achieved by a simple addition of private wealth, measured by their exchange value. Comparing people's property in different epochs and in different countries is possible only by carefully listing the useful objects that were or are in the possession of the people. We can speak of an increase in national wealth only if the amount or quality of useful objects created by human efforts, buildings, ships, household utensils, agricultural, manufactory products, etc., has increased in the country, the same increment in the exchange value of objects included in the composition of the people's property does not yet give the right to conclude that the country's wealth has increased. Such an increase could have come about, for example, from an increase in the value of land due to an increase in population, or from an increase in the value of houses due to the influx of inhabitants to a certain part of the country; and these changes, by making the population pay dearer for the same lands and houses, can by no means be called favorable to the wealth of the people. From the foregoing it is clear that in order to draw up a correct concept of national wealth, it would be necessary to make a detailed census of all items that make up individual farms with a designation of the qualities of each of these items. But since such a task is unattainable in the present state of statistics, in view of practical needs and theoretical interest, rough estimates are often undertaken, which strive to achieve the goal, listing only the main categories of objects that make up the national property and giving them, on the basis of various methods, a certain conjectural value. The statistical literature provides many examples of such calculations. While not claiming to be completely accurate, they give, however, some points of support for judging the relative economic strength of nations and, in particular, the changes that take place in individual countries over time. Here are some of the more well-known calculi of this kind. Regarding the UK, there are a number of calculations made over different periods of time by a well-known statistician Giffen. Giffen bases his calculations on income tax receipts, which he capitalizes to obtain the value of the property from various percentages, according to the type of property: for example, to calculate the capital value of houses in the country, he multiplies by 15 the amount of their income shown in tax lists, the size of the capital of farmers is determined by multiplying their annual income by 8, etc. Of course, the information obtained in this way cannot claim to be accurate, but they are sufficient to judge the changes taking place in the wealth of the country, especially since they are in general agreement with the results of other, more precise calculations which have been made in relation to certain branches of property and income. According to Giffen's calculations, the wealth of Great Britain in 1885 can be estimated at 10,037 million pounds sterling, or 63,167 million rubles. metal, while with a similar estimate for 1875, it turned out to be 8548 million pounds. Art., and for 1865 - 6113 million pounds. Art. The amount of wealth calculated for 1885 gives an average figure of £270 per person. Art., or in 1703 p. m., and for each family, taking it, according to English data, in five people - about 1350 f. Art., i.e., about 8514 p. met. The main items that make up the above figure of national wealth for 1885 are as follows: land - 1691 million pounds. Art.; houses - 1927 mln. Art.; farmers' capital - 522 million pounds. Art.; capital in interest-bearing papers, with the exception of the British public debt, 527 million pounds. erased; railway dor. - 1008 million pounds. Art.; capital of joint-stock companies - 1025 million pounds. Art.; capital of various kinds of industrial and commercial enterprises - 541 million pounds. Art.; movable property not subject to income tax, namely home furnishings, art objects, etc. - 960 million pounds. sterling; state and public property - 500 m.f. Art. In the above enumeration, attention is drawn to the high value of houses and home furnishings, significantly exceeding the value of land. For France, there are several calculations, of which the newest belong to Vasher, Amelina, Moni And de Fauville. According to these calculations, the property of France is estimated at 200,000 to 250,000 million francs, or 50,000 to 62,500 million rubles. m., which gives for each person an average output of 1375 r. up to 1680 rubles. met. De Fauville's calculation is based on information on the amount of property transferred by inheritance and donation, which since 1826 has been subject to a special tax in France and therefore is carefully recorded. De Fauville, assuming the average length of a generation to be 36 years, considers the value of the annually transferred property to be 1/36th of the entire national property. Since, however, the above technique contains obvious inaccuracies, the author resorts to various corrections based on other sources. Of the total figure of 200,000 million francs estimated by de Fauville, 80,000 million francs. falls on immovable property, except for houses; 40,000 million francs - at home; 30,000 million francs - on interest-bearing papers, French and foreign; 50,000 million francs - other movable property. From other European countries, a calculation similar to the above is available for Italy. It's done Pantaleone according to the de Fauville method based on data on the transfer of property by inheritance and donation. By calculation Pantaleone, the approximate value of the property of individuals in Italy is 48,000 million lire, or 1,660 lire per person, which is about 415 rubles. met. Of the above amount, 29,000 million liras are the value of land, 9,000 million liras are the value of buildings, and the rest is industrial and other movable property. In Belgium Massal at the end of the 70s he calculated the value of the people's property at 29,500 million francs. In Denmark Falbe Gansen in the early 1980s, he estimated the country's wealth at 6,500 million crowns (2,251 million rubles per meter), of which 4,680 million crowns are real estate, and 2,081 million crowns are movable property. Particularly interesting is the information concerning the North American United States, where, at every qualification, which, as is known, in 10 years, the government collects detailed data on various types of people's property. The tenth qualification of 1880 gave a total national wealth of 43,642 million dollars, or 56,560 million rubles. met., which consists of the following main items: farms - 10197 million dollars; residential buildings and industrial real estate - 9881 million dollars; railroads with equipment - 5536 million dollars; movable property of residential buildings, such as paintings, books, household supplies, fuel, etc. - $ 5,000 million; livestock, agricultural tools and machines - 2406 million dollars; stocks of agricultural and manufactured products (three quarters of annual production and foreign imports) 6160 million dollars; telegraphs, ships and channels - 419 million dollars; real estate seized from taxation (churches, schools, public buildings, etc.) - 2000 million dollars; cash - 612 million dollars; miscellaneous - 619 million dollars. It is interesting to see how rapidly wealth has grown in the United States over the past decades. In 1850, with a population of 23.3 million people, the value of the country's property, according to official estimates, extended to 7136 million dollars; in 1860 with 31.5 million people. - up to 16159 million dollars; in 1870 with 38.5 million people. - up to 30069 million dollars; in 1880 with 50.1 million people. population - up to 43642 mil. USD Thus, the population has increased by 115% in 30 years, and wealth by 512%. The average amount of wealth per person was: in 1850 - 308 dollars, in 1860 - 510 dollars, in 1870 - 777 dollars, in 1880 - 870 dollars, or 1153 rubles. met. Literature. A. Smith, "The Wealth of Nations", D. Ricardo, "Principles of political economy"; D. S. Mill, "Principles of political economy"; W. Roscher, "Grundlagen der Nationalökonomie"; I. I. Neumann, "Grundlagen der Volkswirthschaftslehre" (Tübingen, 1889); Neumann-Spallart, "Uebersichten der Weltwirthschaft" 1883-84 (Stuttgart, 1887); Giffen, "The Growth of Capital" (London, 1889). A. Chuprov.
Encyclopedic Dictionary F.A. Brockhaus and I.A. Efron. - St. Petersburg: Brockhaus-Efron. 1890-1907 .
Synonyms:Antonyms:
See what "Wealth" is in other dictionaries:
Wed plenty, abundance, abundance, excess, excess. Harvest wealth. Wealth of thoughts. | The abundance of property, bellies, money, yarosl., Bonfire. rich, arkhan. wealth, lower wealth, ryaz. rich woman, zap. rich cf. (see also bagatier), ... ... Dahl's Explanatory Dictionary
It is the savings of many in the hands of one. Julian Tuwim If you are told: "My wealth is acquired by hard work," ask: "Whose?" Don Marchie Many people dream of such money, when money is no longer needed. Vladislav Grzeszczyk Very rich people don't look alike... Consolidated encyclopedia of aphorisms
See property, luxury ... Dictionary of Russian synonyms and expressions similar in meaning. under. ed. N. Abramova, M .: Russian dictionaries, 1999. wealth of property ... Synonym dictionary
wealth- Wealth The value of assets owned by a person or group of persons. Economics began with the study of the nature of wealth (for example, Adam Smith's The Wealth of Nations) and how it changes over a given period. ... ... Technical Translator's Handbook
- (wealth) The value of assets owned by an individual or a group of individuals. Economics began with the study of the nature of wealth (for example, Adam Smith's The Wealth of Nations) and how it changes over a given period. ... ... Glossary of business terms
A person's wealth is manifested in a variety of things - an expensive car, a nice house, a solid bank account ... Today we will attract all these attributes into our lives with the help of the secret of money magic!
In the last lesson, we talked about the technique of attracting big money¹. Today we will continue this conversation. You will learn what else to do when you are in the meditative state of having a lot of money.
Mentally make expensive purchases!
Immediately after your money has been counted, without leaving the state of owning a large amount of money, we go mentally to make expensive purchases - we buy a car, an apartment and everything that you planned to spend a lot of money on.
A person's wealth lies in the fact that he can afford to buy what he wants to have. So let yourself be a rich man!
It always works! After such an action, as a rule, a breakthrough occurs!
Part of the money can be mentally deposited in the bank at interest so that there is no need to work. We spend the rest of the money according to our list compiled at the first step of our work.
In our imagination, we buy exactly the things that we planned to buy.
Human wealth is, first of all, comfortable living conditions!
Therefore, we begin with large purchases. For example, we buy a comfortable house somewhere in nature or buy a car, high-quality, expensive and prestigious.
Then we begin to make smaller purchases until the entire set for a happy life is “staffed”. We visualize² the whole process very brightly! We connect all feelings and emotions to the imagination.
Installation: I get money, prosperity now constantly. 10 million is a small sum for me.
Remember, the most important thing is to develop a sense of possession of these things and benefits. This is where the magic of money lies!
The real wealth of a person is the state of his consciousness. The one who lives with the feeling of owning expensive things with a lot of money will always be rich, because he is used to it and cannot live otherwise!
When you buy a car, feel like getting into your new car. Feel the soft steering wheel in your hands. Feel how you sit in a comfortable car seat, start the engine and drive. Feel how you press the gas pedal with your imaginary feet.
Do the same with the house. And if you have planned to go on a trip, then visualize it as brightly and figuratively as possible.
Installation: now all wallets, cabinets, drawers, pockets, bags are full of fresh banknotes, I am drowning in money.
Enjoy and savor the pleasure of shopping. Feel like you already have it all! Enjoy your shopping, imagine yourself surrounded by your new things or in a new environment. Feel your boundless luck.
Remember: “What is inside of us, so is outside!”
Now thank the Universe from the bottom of your heart for giving you the opportunity to have all these blessings and gradually get out of this state.
If you do everything in the proper state, the result will not be long in coming - the desired materializes in your life. You need to enter into the image of a rich person every day, until the goal is achieved. Such work is guaranteed to bring you results.
