WEALTH GENERATION AND DISTRIBUTION
Wealth is the abundance of valuable resources or valuable material possessions. Wealth can be categorized into three principal categories: personal property, including homes or automobiles; monetary savings, such as the accumulation of past income; and the capital wealth of income producing assets, including real estate, stocks, bonds, and businesses.
In economics, wealth is the net worth of a person, household, or nation, that is, the value of all assets owned net of all liabilities owed at a point in time. For national wealth as measured in the national accounts, the net liabilities are those owed to the rest of the world.
GDP per capita is often used as a measure of the wealth of any population, particularly when making comparisons to other populations. It is useful because GDP is expected to increase with population, so it may be misleading to simply compare the GDPs of two populations. GDP per capita accounts for population size.
While GDP per capita gives us an insight into the wealth created, the poverty rates and income distribution rates give us better insight into how that wealth is distributed amongst the populace.