wealth:

... something of value that is possessed or controlled in an exchange or appropriation; an abundance of material possessions or riches; financial resources acceptable as payment for goods and services and repayment of debts; money or anything that can be converted into money is a financial resource. It is also something of monetary value.

Tied to the writings of Adam Smith (1776: The Wealth of Nations), the expression, creation of wealth, has been put to use many times in defining economic development. For example, Sedgwick County, KS used the expression in a 2009 budget proposal as follows: The economic development process is about ... promoting, initiating, supporting, and facilitating the creation of wealth and employment opportunities.

CLICK HERE to see the definition of economic development at the end of the above paragraph listed in a collection published to emphasize key operative words used to explain the process, in addition to the phrase, creation of wealth. The same operative words and phrases are applicable to defining enterprise and economic development.

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