Absolute wealth意思

"Absolute wealth" is an economic term that refers to the total amount of wealth an individual, household, or country possesses, without taking into account the wealth of others. It is a measure of the sheer volume of assets, such as money, property, and possessions, that a unit of analysis has accumulated. Absolute wealth does not involve any comparison to the wealth of others; it is a straightforward accounting of what a person or entity owns.

In contrast, "relative wealth" or "income inequality" takes into account the distribution of wealth within a population or country. It measures how wealth is distributed across different segments of society and can be used to evaluate the disparities in living standards and economic well-being among different individuals or groups.

Absolute wealth can be measured in various ways, including the total value of financial assets, real estate, personal property, and any other valuables owned by an individual or country. It is often used to assess the financial health and prosperity of an individual or nation, but it does not provide insights into the fairness or equality of the distribution of wealth within a society.