wealth

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wealth

1. a large amount of money and valuable material possessions
2. the state of being rich
3. Economics all goods and services with monetary, exchangeable, or productive value

wealth

the value of the resources possessed by an individual or a society (compare CAPITAL).

An important issue in any society is the distribution of wealth within it. Usually, in all but the simplest of societies, the ownership of wealth is unequal, and the degree to which this is so is an important differentiating feature of types of society. In the modern world advanced industrial societies generally manifest less inequality of income than less developed societies, but inequalities in the distribution of wealth remain great, although these are often difficult to quantify, given the tendency of wealth to go often unreported – e.g. at the time of death -because it is subject to taxation.

The massive inequality in wealth which exists between societies – especially between FIRST and THIRD WORLD societies – is, of course, also a major feature distinguishing between nation states in the modern WORLD SYSTEM, and a major aspect of the potential economic and political instability of this system.

Wealth

See also Luxury, Treasure.
Weaving (See SEWING and WEAVING.)
Abu Dhabi
Persian Gulf sheikdom overflowing with petrodollars. [Mid-East Hist.: NCE, 9]
Big Daddy
wealthy Mississippi landowner of humble origins. [Am. Lit.: Cat on a Hot Tin Roof]
black and gold
symbol of financial prosperity. [Heraldry: Jobes, 222]
buttercup
traditional symbol of wealth. [Plant Symbolism: Flora Symbolica, 167]
Cave of Mammon
abode of god of riches. [Br. Lit.: Faerie Queene]
Corinth
ancient Greek city; one of wealthiest and most powerful. [Gk. Hist. and Myth.: Zimmerman, 69]
Croesus
Lydian king; name became synonymous with riches. [Gk. Myth.: Kravitz, 69]
Dives
rich man who ignored poor man’s plight; sent to Hell. [N.T.: Luke 16:19–31]
Erichthonius
world’s richest man in classical times. [Gk. Myth.: Kravitz, 91]
Fortunatus’ purse
luckless man receives gift of inexhaustible purse. [Ital. Fairy Tale: LLEI, I: 286]
Fuggers
16th-century German financiers. [Ger. Hist.: NCE, 1023–1024]
Hughes, Howard
(1905–1976) eccentric millionaire; lived as recluse. [Am. Hist.: NCE, 1284]
Midas
Phrygian king; whatever he touched became gold. [Gk. and Rom. Myth.: Wheeler, 24]
Plutus
god of wealth: blind (indiscriminate); lame (slow to accumulate); and winged (quick to disappear). [Gk. Lit.: Plutus]
Rockefeller, John D(avison)
(1839–1937) oil magnate; name has become synonymous with “rich.” [Am. Hist.: Jameson, 431]
Solomon
fabulous riches garnered from gifts and tolls. [O.T.: I Kings 10:14–25]
Timon
rich Athenian; ruined by his prodigal generosity to friends. [Br. Lit.: Timon of Athens]
turquoise
seeing turquoise after a new moon brings wealth. [Gem Symbolism: Kunz, 345]
Warbucks, Daddy
adventurous soldier of fortune and richest man in world. [Comics: “Little Orphan Annie” in Horn, 459]
wheat stalk
traditional symbol of wealth. [Flower Symbolism: Flora Symbolica, 178]
References in periodicals archive ?
He further said that it was the mandatory social obligation of rich people to spend their wealth for the benefit of the have-nots as in this manner Pakistan would soon be a prosperous country after overcoming the menace of poverty.
Most of the rich people like to live on beachfront properties which offer not just highly luxurious apartments and houses but also are in close proximity to the major shopping malls in the emirate.
These supper rich people will save billions in payment of taxes, the official added.
"Only rich people could afford headstones back then," she said.
Jason Miko comments in Dnevnik that there were always rich people and there were always poor people in this world.
And his father should be equally ashamed of himself for encouraging his behaviour, but as usual rich people turn a blind eye to bad behaviour.
" Rich people should do more and more charity in this month to get reward from Allah", he said.
First up, it was hated because rich people did it, and what rich people do is just SO very annoying.
Indeed other studies have shown that the number of rich people in Spain has actually risen sharply since the start of the economic crisis in 2008 with the World Wealth Report, which was compiled by consulting firm Capgemini and RBC Wealth Management in June, showing a 40 percent increase in the number of rich people in the country over the past seven years.
By doing this, it means rich people will most likely move, meaning there will be hardly any rich people in our country, leading on to us struggling as we need rich people to help with our businesses.
Note that Corley defines "rich people" as having an annual income of $160,000 or more and a liquid net worth of $3.2 million-plus, and "poor people" as those having an annual income of $35,000 or less and a liquid net worth of $5,000 or less.
Low tariffs are beneficial for rich people. Poor people consume less electricity, rich people consume much more, Talant Sultanov claimed.