Wealth grows on trees. Imagine I own a field, the field can cost me say £10. We can say that the field is worth £10 or more correctly that I was prepared to pay £10. But just what is the field worth?
- I could turn it into a car park and charge £1 a car a day
- I could rent it to a farmer for his cows to graze in
- I could plant a tree and sell the apple from it
The field may have cost me £10 but with no more outlay I can create more wealth than the £10 I spent on the field. Wealth is measured in money but wealth is not money.
