Examlex

Solved

Some of the Basic Ideas Underlying the Humanistic School of Thought

question 138

Essay

Some of the basic ideas underlying the humanistic school of thought are _____.


Definitions:

Scarce Resources

Natural or human resources that are limited in supply and cannot fulfill all wants and needs due to their finite availability.

Free Lunch

An idiom expressing the idea that it is impossible to get something for nothing; in economics, it refers to the impossibility of getting a benefit without a cost.

Scarce

Limited in availability relative to the demand.

Taxpayers

Individuals or entities that are required to pay taxes to a government body, based on their income, property, or purchases.

Related Questions