Wealth Creation

Wealth is the ownership of assets that are valuable to satisfy human needs and wants. To create wealth is to produce or to cause an increase in these valuable assets, so that the original value is sustained, the factors of production continue in existence, and there is a surplus left over.

The complex and dynamic nature of human needs means that there are many forms of wealth that may be created. To facilitate communication and decision making about wealth creation, therefore, wealth is usually measured in terms of money. Monetary units and currency, however, are not themselves wealth. They represent claims on the things of value that may be owned in exchange for money. This difference between money and wealth is experienced by people who may ...