What is a key characteristic of wealth?

Wealth is characterized by encompassing both tangible and intangible possessions. Tangible possessions include physical items such as property, vehicles, and other assets that have a physical presence and can be valued easily. Intangible possessions, on the other hand, include assets like stocks, bonds, intellectual property, and even brand reputation, which do not have a physical form but still hold significant value.

This broad definition of wealth reflects the comprehensive nature of what constitutes an individual's or entity's net worth. It is not confined solely to financial resources or cash flow, but rather includes a wide array of assets that contribute to overall economic well-being. By recognizing the inclusion of both tangible and intangible items, one gains a clearer picture of a person's or organization’s economic strength and resources beyond mere liquidity or cash flow.