What is Wealth? - Definition, Sources & Distribution

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which one of the following is the best explanation of individual wealth?

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1. How is a country's wealth usually measured?

2. How do individuals typically measure their wealth?

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About This Quiz & Worksheet

This quiz and worksheet will see how well you comprehend the intricacies of the concept of wealth, including property, distribution, and the wealth of both countries and individuals.

Quiz & Worksheet Goals

Be prepared to answer questions about the following aspects of wealth:

  • How it is measured by individuals and countries
  • Intangible property
  • Wealth disparity in the United States
  • What comprises individual wealth

Skills Practiced

In this quiz and worksheet, you will be able to practice your study skills, including:

  • Critical thinking - apply relevant concepts to examine information about the definition of wealth in a different light
  • Information recall - access the knowledge you've gained regarding different categories of property
  • Knowledge application - use your knowledge to answer questions about the means of measuring wealth

Additional Learning

To further develop your grasp on the characteristics of wealth, review the accompanying lesson, What is Wealth? - Definition, Lesson & Quiz, which will address these objectives:

  • Define wealth
  • Ascertain different sources of individual wealth
  • Differentiate between various types of personal property
  • Understand wealth distribution
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