In the United States, the Basic Objective of Our Market-Directed

question 146

True/False

In the United States, the basic objective of our market-directed economic system has been to satisfy consumer needs as they, the consumers, see them.

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Definitions:

Shareholder Model

focuses on maximizing value for shareholders as the paramount objective of a company, often at the expense of other stakeholders.

Utilitarian Ethics

An ethical theory that posits the best action is the one that maximizes overall happiness or utility, considering the greater good for the greatest number of people.

Financialization

The process by which financial institutions and markets gain a greater influence over economic policy and economic outcomes.

Financial Maneuvers

Strategies or operations undertaken by individuals or companies to optimize financial outcomes.