Rural Wealth -The concept of wealth
Channel: Rural Studies Program
Date: 2019-01-03

This video introduces you to the Comprehensive Rural Wealth Framework. This framework was developed by scholars associated with the Rural Policy Research Institute (RUPRI) and the Economic Research Service of USDA. The learning objectives of this video are to define wealth and to provide a foundation for later modules that focus on measuring rural wealth and identify strategies for rural wealth creation. We include eight types of assets or capital in our definition of comprehensive wealth: Physical capital, financial capital, human capital, intellectual capital, political capital, natural capital, social capital, and cultural capital. These capitals represent a robust and comprehensive measure of both tangible and intangible wealth and create the basis for assessing current and future well-being.