What Does Mill Mean by "It Is Better to Be

question 49

Essay

What does Mill mean by "It is better to be a human being dissatisfied than a pig satisfied; better to be Socrates dissatisfied than a fool satisfied"? Explain in your own words, providing examples from Mill's essay. Do you agree with the statement? Why or why not?

---

Definitions:

Working Capital

A financial metric representing the difference between a company's current assets and current liabilities, indicating its short-term liquidity.

Acid-test Ratio

A financial metric that measures a company's ability to pay its current liabilities without relying on the sale of its inventories, calculated by dividing liquid assets by current liabilities.

Debt-to-equity Ratio

A ratio indicating the balance between shareholder equity and debt used in the financial structuring of a company's assets.

Receivable Turnover

A financial metric indicating how quickly a company collects payments owed from its customers, often measured over a year.