[FRIAM] What is Wealth for?

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I still don't see what's wrong with the dictionary definition. Is there some reason we need a different definition?

American Heritage ---
wealth (wĕlth) n.
1.a. An abundance of valuable material possessions or resources; riches: gave his wealth away to charity.
b. The state of being rich; affluence: a community of great wealth.
2. Goods and resources having value in terms of exchange or use: the agricultural wealth of the region.
3. A great amount; a profusion: a wealth of advice.


Merriam-Webster ---
wealth noun \ ˈwelth also ˈweltth \
1 : abundance of valuable material possessions or resources
2 : abundant supply : profusion
3a : all property that has a money value or an exchangeable value
b : all material objects that have economic utility especially : the stock of useful goods having economic value in existence at any one time national wealth
4 obsolete : weal, welfare


On 3/18/21 9:42 PM, Pieter Steenekamp wrote:
> Let me try a definition of wealth:
> 
> Wealth is that what makes you happy.
> 
> 
> On Fri, 19 Mar 2021 at 06:01, Merle Lefkoff <merlelefkoff at gmail.com <mailto:merlelefkoff at gmail.com>> wrote:
> 
>     Is the definition of wealth having a lot of whatever the culture values?  (I'm late meeting Nick's challenge to me.)  The former Bhutan (it's changing drastically and rapidly) valued Happiness.  It's why their happy people thought they were wealthy, despite being one of the world's least "developed" country. (GDP is now rising with outside development of its natural resources).   
> 


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