Modern English dictionary defines wealth as “an abundance of valuable possessions or money” or “a plentiful supply of a particularly desirable thing.” Father of Capitalism – Adam Smith – in his book “The Wealth of Nations,” described wealth as “the annual produce of the land and labor of the society.” This “produce” is “that which satisfies human needs and wants of utility.” In popular usage, wealth is understood as an abundance of items of transactional value. Unfortunately, in today’s world...
Published on March 28, 2019 01:54