wealth

(noun) The value of money and assets a person processes.

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Quoted Definitions:

  • “Wealth refers not to what people earn but what they own. Wealth is usually measured as net worth, which includes the total value of all assets owned (such as real estate, trusts, stocks, bonds, business equity, homes, automobiles, banking deposits, insurance policies, and the like) minus the total value of all liabilities (e.g., loans, mortgages, credit card and other forms of debt)” (McNamee and Miller 2013:52).

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References

McNamee, Stephen J., and Robert K. Miller. 2013. The Meritocracy Myth. 3rd. ed. Lanham, MD: Rowman & Littlefield Publishers, Inc.

 

Works Consulted

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How to Cite the Definition of Wealth

ASA – American Sociological Association (5th edition)

Bell, Kenton, ed. 2013. “wealth.” In Open Education Sociology Dictionary. Retrieved December 16, 2018 (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 December 16, 2018. https://sociologydictionary.org/wealth/.

MLA – Modern Language Association (7th edition)

“wealth.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2013. Web. 16 Dec. 2018. <https://sociologydictionary.org/wealth/>.