prosperity vs wellbeing

prosperity and wellbeing both are nouns.

Word	Noun	Adjective	Verb	Adverb
prosperity	Yes	No	No	No
wellbeing	Yes	No	No	No

As nouns, wellbeing is a hyponym of prosperity; that is, wellbeing is a word with a more specific, narrower meaning than prosperity:

Other hyponyms of prosperity include eudaemonia, eudaimonia, upbeat, welfare, well-being, strength, success.

prosperity (noun)	wellbeing (noun)
the condition of prospering; having good fortune	a contented state of being happy and healthy and prosperous
an economic state of growth with rising profits and full employment