IPA: /prəˈspɛrɪti/
KK: /prɑː'spɛrɪti/
The state of having wealth, success, or good fortune, often related to economic well-being.
The country experienced great prosperity after implementing new economic policies.
Prosperity is formed from "prosperus" (from Latin, meaning favorable or fortunate) and the suffix "-ity" (meaning the state or condition of). The word refers to the state of being successful or thriving, particularly in financial or material terms.
Think of 'favorable' ('prosperus') to remember that 'prosperity' means the state of being successful or thriving.