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wealth:

. . . something of value that is possessed or controlled in an exchange or appropriation; an abundance of material possessions, resources 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 of monetary wealth, which is anything that has its value (monetary value) revealed through the process of exchange (buying and selling) or use. About.com answers the following question: Why does money have 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 (source of quote). This glossary you are using has a definition of community wealth.


related: financial institution; locations seeking enterprise and economic development

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FYI: definition of wealth, what is wealth creation, meaning of creation of wealth, definition of financial resources, what are financial resources, definition of economic development as wealth creation, definition of economic development as a process of wealth creation

 

Economic Development Services, Inc. / copyrights and all rights reserved / 03/14/2013