The Short-Term Thinking and Constant Change That Pervade Modern Capitalism

question 7

Short Answer

The short-term thinking and constant change that pervade modern capitalism bring about what Richard Sennett (1998) calls a ______ of character.

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Definitions:

Tax-efficient

Describing an investment strategy or financial plan designed to minimize tax liability and maximize after-tax returns.

ETFs

Exchange-Traded Funds, which are investment funds traded on stock exchanges, similar to stocks, and hold assets such as stocks, commodities, or bonds.

Turnover Rate

A measure used to assess how frequently investments or inventory are replaced or sold over a given period.

Assets

Economic resources or owned items of value, including cash, property, and investments, that an individual or company can utilize to cover liabilities.