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What exactly do we mean by the term WEALTH? Why is it important?

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Finance

What exactly do we mean by the term WEALTH? Whyis it important?

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In financial termswealth basically means the value of all resources put together that is owned by a person or a society in general However in a broad sense it can be said that wealth is a state of mind if an individual thinks he is wealthy he is and if he think he is not he is not It is    See Answer
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What exactly do we mean by the term WEALTH? Whyis it important?

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