economy

definition of wealth

The term wealth is designated as that state of abundance of goods and objects that have a very important monetary value.

But more than anything and before everything else, Wealth reflects and refers to a fact or socio-economic situation in which a certain person is immersed and which is the one that of course will end up determining the abundance or scarcity of these valuable goods that we mentioned.

Because wealth could also be said to be the product that results from the functioning of an economic system. For example and to be more precise with what we say, any company or business that you can imagine and with which you frequently come across every day in your lives, such as a cyber cafe, a restaurant, a clothing store, a Sowing coffee, a credit cooperative, are all economic units in which people work, whose jobs, combined with those of the machines, produce a certain service or product, which later, the final consumer will convert into hard cash and that of course It will contribute to the accumulation of wealth for those who run the business. A part of the money that comes in will be used to cover production costs and the rest, the surplus, will go to the coffers of whoever corresponds to continue increasing them.

Unfortunately, the functioning of the traditional economic system that we all know does not contribute to making you, him and me rich with our work, because wealth is not distributed as poverty is, but is concentrated and in the hands of a few.

Meanwhile, the origin of wealth is almost as old as that of man, since time immemorial men have had the need to carry out exchanges or barter to satisfy their own needs and those of their families and of course, one good day, that need ceased to be such and became a necessity to have and dispose of more useful and valuable things or objects and thus significant concentrations of wealth were generated in a few.

Although the term wealth is absolutely related to the material, it is usually used in some contexts with an objective completely different from the one mentioned, since it is usually used to account for the abundance of qualities and attributes, which, for example, a certain person has, such as wealth of spirit, an expression that is used to give an idea of ​​the great concentration of personal qualities that a certain person can observe.

$config[zx-auto] not found$config[zx-overlay] not found