Concept in Definition ABC

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 socio-economic fact or situation in which a certain person is immersed and which is the one that of course will end up determining abundance or shortage of these valuable goods that we mentioned.

Because wealth could also be said to be the product that results from functioning of a economic system. For example and to be more precise with what we say, any company or business that you are they can imagine and frequently run into every day in their lives, how to be a cyber coffee a restaurant, a Commerce clothing, a coffee plantation, a credit union, are all economic units in which they work people, whose jobs combined with those of the machines, produce a certain service or product, which then, the consumer In the end, it will turn into hard cash and 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 the costs of

production and the rest, the surplus, will go to the coffers of whoever corresponds to continue increasing them.

Unfortunately, the operation of the traditional economic system and that we all know does not contribute to you, him and I with our work we become rich, because wealth is not distributed as it happens with povertyrather, it 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 realize exchanges or bartering to satisfy their own needs and those of their families and of course, one fine day, that need ceased to be such and became a need to have and dispose of more useful and valuable things or objects and thus significant concentrations of wealth were generated in some few.

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

Wealth Topics