NATIONAL WEALTH
\nˈaʃənə͡l wˈɛlθ], \nˈaʃənəl wˈɛlθ], \n_ˈa_ʃ_ə_n_əl w_ˈɛ_l_θ]\
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Owned by a nation at a point in time, this is the nation's total monetary value. It is made up of the nation's capital, goods, and services, including net foreign balance and tangible assets. Net worth or net wealth is calculated as gross assets minus liabilities. The nation's overall economic analysis and planning uses this number. Also known as national net worth.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.