national wealth
A nation's riches
National wealth is the total value of a country's assets—its land, natural resources, infrastructure, buildings, and financial holdings—minus what it owes to others.
Economists distinguish national wealth from national income: wealth is the accumulated stock, income is the annual flow.
The discovery of oil dramatically increased the nation's wealth.
- gross domestic productTotal national economic output
- tax baseTaxable assets collectively
- education levelsTiers of formal schooling
- forestsDensely treed land areas
- public landsState-held natural areas
legal systems · infrastructure · oil reserves · workforce skills · machinery · biodiversity · political stability · pension funds · judicial independence · buildings · arable land · trade agreements · cultural heritage · renewable energy sources · mineral deposits · intellectual property · investment portfolios · banking systems
- mercantilismmercantilism, balance of trade, protectionism, trade balance, bullion
- preclassical economicsmercantilism, scholasticism, Petty, usury laws, trade balance
- macroeconomicsGDP, GNP, gross domestic product, inflation rate, money supply
national wealthindividual income
Single person's earnings
household income · personal savings · family wealth · per capita income
national wealthnational debt
Government's accumulated borrowing
sovereign debt · national deficit · public debt · trade deficit · fiscal deficit
nation, national, nationally, nationalism, nationalist, nationalistic, nationhood, nationalize, nationalization