Concept of Wealth
Over the years, the nature of wealth continues to evolve from mere survival to leading lives that are more comfortable, healthier, smarter and more organized. Eventually, this translates to living longer. In the current modern world, the nature of wealth in advanced societies is changing from just governing physical resources to regulating information.
Wealth falls into two broad categories; Monetary and Non-Monetary. Monetary wealth refers to the material things for which there exist a market and a price. The market price reflects only the price of the commodity and not necessarily its value. Non-monetary wealth, on the other hand, refers ...