Wealth is a store of value. In other words, wealth is something that you can enjoy in the future or that can be used to pay future expenses. Wealth is commonly owned by a nation, community, individual or family according to established property rights. Some wealth, such as common goods is not owned by anyone. The following are common types of wealth.
Infrastructure, facilities, vehicles and equipment that produce value such as a bridge, data center, high speed train or factory.Natural capital such as an ocean or forest.
MoneyThe legal tender of a nation typically backed its ability to collect taxes.A basic good that can be sold at market. Precious commodities such as gold and silver are a common way to store wealth.
OrganizationsOrganizations such as a government, non-profit or business that provide services that have value.
SecuritiesA tradable financial asset such as a stock that represents a share in a business.
Real EstateProperty and structures such as buildings.Any physical thing that has value to a business or individual such as the inventory of a manufacturing firm or the clothing in an individual's closet.
Assets that can't be touched such as software, data and brand equity.
Intellectual PropertyValuable inventions, symbols or creative works such as a trade secret, copyright, patent or trademark.The ability of a person to produce future value. For example, talent, education and cultural capital can be viewed as a form of wealth.
Social relationships that can generate future value such as a business with many loyal customers.
CultureCultural elements such as a well-known traditional festival that generates tourism for a city or a priceless work of art.
This is the complete list of articles we have written about finance.
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