Which term describes the act of enhancing the status or wealth of something?

The term that describes the act of enhancing the status or wealth of something is "aggrandize." This word is derived from the French "agrandir," which means to grow or enlarge. When someone aggrandizes a particular thing, they are essentially elevating its perceived value, importance, or grandeur in some way. This can occur through various means, such as increasing visibility, providing additional resources, or amplifying its positive attributes.

In contrast, the other terms do not convey a similar meaning. "Devalue" refers to reducing the worth or importance of something, which is the opposite of aggrandizing. "Condense" means to make something denser or more compact, which does not relate to enhancing status or wealth. Lastly, "discourage" means to dissuade someone from taking action or to undermine enthusiasm, which again does not align with the concept of elevating status or value. Therefore, "aggrandize" is the most appropriate term for enhancing the status or wealth of something.