_________ Is Defined as a Match Between an Individual's Needs

question 16

Short Answer

_________ is defined as a match between an individual's needs and the physical and social capacity of the environment to meet those needs.

---

Definitions:

Probability

A numerical assessment between 0 and 1 indicating how probable it is for an event to take place.

Expected Value

The weighted average of all possible values of a random variable, with weights being their respective probabilities.

Probability

A measure quantifying the likelihood of a specific event occurring, often expressed as a number between 0 and 1.

Von Neumann-Morgenstern Utility Function

A utility function that assumes individuals can rank their preferences under uncertainty, used in expected utility theory to describe choices.