From the Economist's Point of View

question 297

Multiple Choice

From the economist's point of view

• A) wants and needs are exactly the same.
• B) a want is a lifesaving necessity.
• C) needs are objectively undefinable.
• D) we all have wants but only very poor people have needs.

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Definitions:

Sustainable Company

A business that operates in a way that is environmentally responsible, economically viable, and socially equitable over the long term.

Quarterly Earnings

A financial report indicating a company's revenue, expenses, and net income over a three-month period.

Due Diligence

The investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or transaction with another party.

Short-termism

A tendency to prioritize immediate gains over long-term objectives and benefits.