21st Century Economics and Business

What is the primary shift in business mindset from the 20th to the 21st century according to Kate Raworth?

• From manual to automated processes

• From customer satisfaction to employee satisfaction

• From focusing on financial value to generating broader benefits

• From local to global business operations

What characterizes a linear, degenerative economy?

• Resources are shared among communities

• Resources are used and then discarded

• Resources are reused continuously

• Resources are only used for renewable energy

What is a key feature of a circular, regenerative economy?

• It focuses on short-term profits

• It mimics the cycles of the living world

• It relies on fossil fuels

• It operates independently of natural systems

Why does Kate Raworth believe no single company can create an ecosystem?

• Because ecosystems require collaboration across various sectors

• Because companies lack the necessary technology

• Because ecosystems are too expensive to maintain

• Because companies are not interested in sustainability

What lesson does Kate Raworth suggest we learn from nature?

• To prioritize technological advancement over environmental concerns

• To create isolated systems

• To focus on short-term gains

• To develop ecosystems that thrive sustainably