High Quality Content by WIKIPEDIA articles! Wealth is the abundance of valuable resources or material possessions or the control of such assets. THe word wealth is derived from the old English wela, which is from an Indo-European word stem. AN individual, community, region or country that possesses an abundance of such possessions or resources is known as wealthy. THe concept of wealth is of significance in all areas of economics, especially development economics, yet the meaning of wealth is context-dependent and there is no universally agreed upon definition. VArious definitions and concepts of wealth have been asserted by various individuals and in different contexts.