Sustainable Economics Vocabulary and Key Concepts

When SUPPLY is low and DEMAND is high, the price will be at its ______________

How you are supposed to behave according to society's morals and values. In our study, we are focused on acting in a way that does not harm people or the environment. (a)  

• sustainability
• ethics
• doing what's right
• self-interest

Answer explanation

ethics is correct!

derivatives of ethics are:

ethical

unethical

ethicality

An organisation of labourers (workers, employees) that negotiates with management for better working conditions.

Answer explanation

A union. The example shared in class was how Starbucks labourers in the USA are looking to form a union.

"It used to be that you just walked into a shop and bought something without sparing a thought for where it came from, or who'd made it..."

• Extraction

• Production

• Distribution

• Consumption

• Disposal

How you are supposed to behave according to society's morals and values. In our study we are focused on acting in a way that does not harm people or the environment.

• ethics
• profit
• unethical
• extraction

An economic system in which each person is free to invest, own property, and operate a business.

• capitalism
• Corporation
• consumer
• extraction

economics: the putting together of products that are going to be sold

• production
• boycott
• branding
• union

In an economy, this is the person who buys products and services.

• consumer
• stocks
• union
• fraud

Designing a product so that it will fail after a certain period of time and need to be replaced.

• planned obsolescence
• revenue
• union
• shareholder

The consumer has the perception that a product needs to be replaced.

• perceived obsolescence
• Corporation
• revenue
• consumer