National Wealth of My Country.

in hive-153970 •  3 months ago 

Hello Steemians, I am so delighted to participate in this beautiful contest in the STEEM FOR BETTER Community by @shiftitamanna. Thank you so much ma'am for this amazing contest, it is my pleasure to drop my entry and I do hope that you all enjoy my post.

✅What is meant by the national wealth of a country?

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The national wealth of a country simply means the total sum or value of all financial and physical assets that are owned by a country’s residents and its government and this is minus any debts.

This encompasses a wide amount of assets which is not limited to natural resources, land, buildings, machinery, and financial assets of the country.

Therefore, it is a comprehensive measure that highlights the economic resources available to a nation and provides insights into the overall economic health and potential for future growth and development of a country.

✅ What is the significant national wealth in your country?

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There are several significant national wealth in my country and one of the major significant that I know is that it extolls the benefits of the division of labor, competition, and trade.

Division of labor combines specialization and the partition of complex production tasks into sub-task

✅ Why is domestic financial wealth not included in the national wealth?

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Domestic financial wealth is not included in the nation's wealth; the financial assets are liquid assets through individuals holding their claims in the real assets of the country.

✅What to do to prevent the maintenance and waste of national wealth?

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There are several ways to prevent the maintenance and waste of a nation's wealth such as reimplementing recycling programs for creating new things which will help in promoting the economic strength of a nation.
Also, reducing, and reusing the country's waste products is another way to prevent the maintenance and waste if a nation is by etc.

to @worldsmile

Thank you all for your usual support, love, and time that you have dedicated to reading my post. I love you all❤

I want to invite @josepha @dave-hanny and @simonnwigwe

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