Schumacher Argues That the Core Difference Between Western Economics and Buddhist

question 56

True/False

Schumacher argues that the core difference between Western economics and Buddhist economics is that the former is based on the multiplication of wants while the latter is based on purification of the human character.

---

Definitions:

De Facto Corporation

Latin for “corporation in fact”; a corporation that has not substantially met the requirements of the state incorporation statutes.

Corporation By Estoppel

A defective corporation that has conducted business with a third party and therefore cannot deny its status as a corporation to escape liability.

De Jure Corporation

Latin for “lawful corporation”; a corporation that has met the mandatory statutory provisions and thus received its certificate of incorporation.

Alien Corporation

A business that is incorporated in a foreign country.