What does wealth mean? Specify ing its main features?
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1 : abundance of valuable material possessions or resources. 2 : abundant supply : profusion. 3a : all property that has a money value or an exchangeable value. b : all material objects that have economic utility especially : the stock of useful goods having economic value in existence at any one time national wealth.
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The main features of the wealth definition of Economics are as follows: ... Economic man: This definition is based on the man who is always self-centred and self-interested in nature. Economic man focused on his own well-being and had only one motive, which was to earn money.
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