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Wealth is often confused as the amount of money someone earns for their work. This is in fact, income. Wealth is the measurable value of all the assets someone owns and/or controls and their debts subtracted from this amount; it is not just the valuation of liquid cash. The wealth a person controls is more akin to their net worth, measured by weighing, liquid cash, intangible assets, physical assets (property, land, vehicles etc.) and subtracting their total debt.

For further reading:

Glossary, UD: Economic Inequality

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