Good and fine but if you say wealth is not money how do you describe one who's wealthy? Isn't it by how much money and assets he must've acquired so how do you get to explain that.
When we talk about money, it is considered to be income. Wealth can be defined as valuable asset which
Can be as investment, physical property, or any item that generate money.
[/quote]
Yes I know wealth is not money but it's generated from money so if you keep money aside how do you tend to create the production process you talked about without money being involved. It's simple wealth is created by so many means and money is the main source or key factorbit along the line through it you create investment and long term assets.
[/quote]
Money is not wealth instead money is a product of wealth. What brings value is known as wealth. Just like if you are given a huge amount of money it does not make you to be wealthy except if you invest the money , this will make it to be be valuable and it will generate money for you. But when you don't invest money , no matter how huge the money could be you will still spend it all. In a simple term wealth is just value that generates money. Money is the end product of wealth.