Significance of Wealth accumulation
Wealth accumulation is defined in various contexts, each emphasizing different aspects. In South Asia, it often refers to methods such as gambling for personal gain, as seen in Loku-Appuhami's schemes, or the ethical gathering of resources for future sustainability, as in the Arthashastra. Additionally, it encompasses educational funding in Vaishnavism and adherence to virtuous conduct in Purana and Dharmashastra. Wealth accumulation may also highlight societal disparities, as noted in historical accounts, and the professional success of individuals like Ambapali in Kamashastra.
Synonyms: Asset growth, Financial growth, Capital accumulation, Monetary gain, Financial accumulation, Capital growth, Asset accumulation, Capital accumulation.
In Dutch: Vermogensopbouw; In Finnish: Varallisuuden kertyminen; In Spanish: Acumulación de riqueza; In German: Vermögensaufbau
The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.
Buddhist concept of 'Wealth accumulation'
Wealth accumulation in Buddhism is viewed as the purposeful gathering of resources, motivating individuals to work. However, this process should align with ethical principles and contribute positively to the well-being of oneself and others.
From: Patthanuddesa Dipani
(1) The process of gathering wealth, seen as a goal that motivates individuals to engage in various forms of work.[1]
Hindu concept of 'Wealth accumulation'
Wealth accumulation in Hinduism involves ethically gathering resources through recognized professions, maintaining virtuous conduct, intending to distribute wealth, supporting oneself and family, and ensuring sustenance, including educational investments.
From: Manusmriti with the Commentary of Medhatithi
(1) The act of accumulating wealth for the maintenance of oneself and family, as outlined in the text.[2]
From: Kamashastra Discourse (Life in Ancient India)
(1) The process by which Ambapali became rich through her recognized profession and societal acceptance.[3]
From: Shukra Niti by Shukracharya
(1) The process of amassing resources and riches through righteous means while ensuring future sustenance.[4]
From: Chaitanya Bhagavata
(1) The process of gathering resources or money often used by students for educational purposes.[5]
The concept of Wealth accumulation in local and regional sources
Wealth accumulation, as defined, involves the concentration of wealth among a few individuals, often exacerbating poverty. Loku-Appuhami exemplifies this through his schemes, gaining riches by exploiting others, highlighting the detrimental effects on societal equity.
From: Village Folk-tales of Ceylon (Sri Lanka), vol. 1-3
(1) The ultimate goal of Loku-Appuhami's schemes, as he becomes rich through gambling and tricking others.[6]
From: Triveni Journal
(1) The concentration of wealth in a few hands, leaving the impoverished in dire conditions.[7]
The concept of Wealth accumulation in scientific sources
Wealth accumulation is the process of growing one's assets. This growth stems from income, savings, and thoughtful financial planning.
From: International Journal of Environmental Research and Public Health (MDPI)
(1) The intergenerational transmission of poverty describes the pattern of parental poverty experienced by a child persisting into the child’s own adulthood, which is influenced by a complex set of positive and negative factors such as private transmission of capital (e.g., inheritance of land and money), public transmission of resources (e.g., low investment in education of low-income neighborhoods), and behavioral traits (e.g., learned habits around this) from one generation to the next.[8] (2) Wealth accumulation is difficult to achieve because having little or nothing for investment in more efficient technology, they labor at dangerous work that typically produces minimal productivity.[9] (3) This refers to the process of increasing one's assets and net worth over time, which can provide financial security and opportunities.[10] (4) Wealth accumulation faster by fast-growth fatalists in the early stages may help them counteract adverse effects of climate disasters later, though this unsustainable growth strategy is likely to highlight its disadvantages over time.[11] (5) Wealth accumulation among homeowners in China has been significantly contributed to by housing assets since the housing reform in the 1990s, creating wealth inequality.[12]
From: Sustainability Journal (MDPI)
(1) The amassing of riches, no longer of high social importance, leading to great changes in the code of morals, and the recognition of the love of money as a possession.[13] (2) Yan and Gong explore Regulating the means of Wealth Accumulation, discussing its Meaning, Status and Path in the research.[14] (3) Refers to the increase in assets and savings, affected by household registration status.[15] (4) The process of increasing one's assets and financial resources over time is wealth accumulation, and inclusive finance can help poor people obtain loans or borrow to accumulate assets and build personal credit.[16] (5) It is the process of increasing one's assets and financial resources over time, which can be hindered by housing discrimination.[17]
From: Religions Journal (MDPI)
(1) "Wealth accumulation" and profit were elevated in Smith’s literature as respectable motivations, initiating doctrinal reflection of the classical school in economics.[18] (2) It is the amassing of riches, which is viewed with animosity as an end in itself, with constant prohibitions against hoarding it.[19]