Wednesday, October 1, 2008

WEALTH

More often people look at the concept of wealth as being rich i.e possession of a lot of money for luxurious purposes,owning a luxurious car,staying in a mansion,eating exclusive and expensive food, and all related functions. I would look at it as the resources availed to one for a certain lifestyle. Further more as no man is an island, I would look at it as the resources availed to a society for coping with its environment. In this case the society would be citizens of their country, a country`s weallthiness is affected by several issues. Litteracy is one of these issues, if a large part of the community can`t read and write,communication is hindered in alot of ways thus taking time and capital to acquire the much needed information. If a community is outstandingly literate,communication will run smoothely, time and capital will be saved and education can run smoothly among the community. Education can improve life of an individual, with educated individuals merging their minds together,a community life can be improved, life improvement can be seen as acquiring wealth. If capital is used well e.g building schools,hospitals and investing on foreign functions, the society can be educationally,healthly and financially wealthy. this would be hindered by unawareness, unplanned use of money and corruption. the wise use of natural resources can also contribute to the country`s wealth sustainably,they should be replaced more often because they can get extinct.Wealth is carried by education,wise use of resources including capital,monitoring of distribution of resources, and good health. with out any of these, wealth accumulation is hindered.

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