Concept information
Preferred term
wealth creation
Definition
- 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. [Source: Encyclopedia of Business Ethics and Society; Wealth Creation]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/wealth_creation
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