Quote:
Originally Posted by Pete F.
Simply put, 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.
Control of the distribution of resources enables some to accumulate an amount of wealth that is not commensurate with their investment or the commensurate risk of what they have invested.
This is achieved by political control of laws and regulations to ensure that the controlling parties risk is minimized and return maximized.
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is wealth finite? is one persons wealth, necessarily offset by another persons poverty?
yes or no.
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