What is real wealth-economy and productivity?

Regarding wealth, we discussed money, securities and real estate in the last article.

In fact, these are the main carriers of wealth and do not cover all the contents of wealth.

"Wealth" is an economic term. Everything of value is wealth, including material wealth and spiritual wealth.

When we talk about wealth, it is often closely related to the economy.

Understand this: wealth is the knowledge of value between people, and the pricing of wealth certainly depends on the overall economy.

Let me briefly talk about what economy is.

Economy is the creation, transformation and realization of value.

Human economic activities are activities that create, transform and realize value and meet the needs of human material and cultural life.

In order to measure the overall economic situation, we generally use three data:

The above three data all point to production and consumption.

Then the question is clear:

Netizens rumored that "the United States prints money indefinitely, and people all over the world pay the bill together", which is only the appearance of wealth.

It doesn't matter how much money is printed, and it doesn't matter whether China pays the bill or not.

Hard-working and highly skilled people, a strong industrial chain and productivity, and a stable and orderly society are all important.

These are the real wealth.

I'm glad you read this, and welcome to read the essays on the island economics of the stars.