be a widely held myth
what does that expression mean in this sentence?
It is a widely held myth that material prosperity makes happy. In fact, a key factor that dictates happiness is social relationships.
It means that it's commonly believed (everyone believes it's true), though not true (according to the author of text) that material prosperity makes people happy.
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Yes, and in fact (so says the author) that it is human relationships that actually make one happy.
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To be believed by many people. I think "held" here is short for "held to be true"
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Mohammad has it right. In English you hold a belief. "I hold the belief that all people are good at heart."
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