What Is National Wealth?

National wealth is the sum of material information owned by the whole society (state, collective, individual) at home and abroad at a certain point in time. It includes labor products (national property) created and accumulated by social labor over the years, and natural resources that have been proven and actually or may be used by people. A country's foreign exchange reserves and foreign claims are regarded as the equivalent of material information, and also constitute the country's national wealth. However, unexploited natural resources as potential wealth and intangible assets such as stocks and securities as virtual wealth are not national wealth. At the same time, since natural resources are not labor products, there are still many problems in its valuation both theoretically and practically. Therefore, the current statistics of national wealth do not include the value of natural resources, that is, only the total national property is calculated. Without calculating the total value of national wealth. ^[1]

National wealth

Right!

National wealth is the sum of material information owned by the whole society (state, collective, individual) at home and abroad at a certain point in time. It includes labor products (national property) created and accumulated by social labor over the years, and natural resources that have been proven and actually or may be used by people. A country's foreign exchange reserves and foreign claims are regarded as the equivalent of material information, and also constitute the country's national wealth. However, unexploited natural resources as potential wealth and intangible assets such as stocks and securities as virtual wealth are not national wealth. At the same time, since natural resources are not labor products, there are still many problems in its valuation both theoretically and practically. Therefore, the current statistics of national wealth do not include the value of natural resources, that is, only the total national property is calculated. Without calculating the total value of national wealth. ^[1]

National Wealth

All material information held by a country (region) within a certain period of time. Including national property and natural resources . National property is the accumulation of labor products over the years, and it can be divided into three parts: fixed assets, current assets, and financial assets. Natural resources are the products of nature, such as land, forest, minerals, water and other resources. They are not the products of human labor.