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wealth

Definition of Wealth

(noun) The value of money and assets an individual or group owns.

Wealth Pronunciation

Usage Note

  • Wealth is typically measured by net worth, which is the total value of money and owned assets owned (e.g., real estate, stocks) the total value of all debt (e.g., credit cards, loans). The key point is wealth is what you actually own, not what you have in your possession.

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References

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Cite the Definition of Wealth

ASA – American Sociological Association (5th edition)

Bell, Kenton, ed. 2013. “wealth.” In Open Education Sociology Dictionary. Retrieved August 21, 2019 (https://sociologydictionary.org/wealth/).

APA – American Psychological Association (6th edition)

wealth. (2013). In K. Bell (Ed.), Open education sociology dictionary. Retrieved from https://sociologydictionary.org/wealth/

Chicago/Turabian: Author-Date – Chicago Manual of Style (16th edition)

Bell, Kenton, ed. 2013. “wealth.” In Open Education Sociology Dictionary. Accessed August 21, 2019. https://sociologydictionary.org/wealth/.

MLA – Modern Language Association (7th edition)

“wealth.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2013. Web. 21 Aug. 2019. <https://sociologydictionary.org/wealth/>.