Final answer:
Wealth is a measure of class based on the value of all the goods individuals own, including money in bank accounts, financial investments, a pension fund, and the value of a home. It represents accumulated assets and determines social and economic status.
Step-by-step explanation:
Wealth is a measure of class based on the value of all the goods individuals own, including money in bank accounts, financial investments, a pension fund, and the value of a home. It represents the accumulated assets of an individual and is often used to determine their social and economic status. For example, someone with a high net worth would be considered wealthy and likely to be in a higher social class.
Learn more about Wealth