All the knowledge and values shared by a society.
The collective body of ideas that members of a culture generally share concerning the ultimate shape and substance of their reality.
System of moral principles and values that establish appropriate conduct.
A person who believes that the truth lies in the eyes of the beholder.
Those who believe that some fundamental ethical principles are universal and unchanging.
The rules, standards, or principles governing the conduct of a person or the members of a profession.
Human beliefs about what is right or wrong environmental behavior.
An inclination to evaluate reality exclusively in terms of human values.
The belief that all creatures have rights and values.
The belief that the well-being of an individual organism is less important than the long-term well-being of a larger integrated ecological system.
Preservation says that we should protect our environment in a pristine, unaltered state. Conservation says we should put natural resources to use but that we have a responsibility to manage them wisely.
A life-centered, philosophical, ethical, and political perspective that places the welfare of human beings on a par with other species and the conditions that nurture and sustain them.
A pluralistic, nonhierarchical, relationship-oriented philosophy that suggests how humans could reconceive themselves and their relationships to nature in nondominating ways as an alternative to patriarchal systems of domination.
A recognition that access to a clean, healthy environment is a fundamental right of all human beings.
The study of how people seek to satisfy their needs and wants by making choices.
The system of production and distribution and consumption.
Something that satisfies a want or need.
The actions or activities that one person performs for another.
A type of economy in which human groups live off the land with little or no surplus.
Capitalist Market Economy
An economy in which buyers and sellers interact to determine which goods and services to produce, how much of them to produce, and how to distribute them.
Centrally Planned Economy
An economy in which the government decides how economic resources will be allocated.
Having a combination of both private and goverment ownership and control of the means of production.
The idea that free markets can regulate themselves.
An approach to economics based on supply and demand which depends on economic agents operating rationally based on available info.
A study that compares the costs and benefits to society of providing a public good.
The positive and negative effects of economic activities on third parties.
A cost that arises from an activity undertaken by an individual, firm, or other economic agent and that is borne by others because the cost is not incorporated in market prices the agent pays.
Unsustainable addiction to overconsumption and materialism exhibited in the lifestyles of affluent consumers in the united states and other developed countries.
Those who hold the view that economics is a sub-system of the Earth and that resources, goods, services, and money flow impact not only homes and businesses but all of Earth's systems.
A goal of establishing stable financial markets that do not fluctuate wildly up and down.
The study of environmental problems and the incorporation of economic principles into the environmental decision-making process.
Gross Domestic Product (GDP)
The total output of all economic activity in the nation, including goods and services.
Genuine Progress Indicator (GPI)
It summarizes more forms of an economic activity than the gdp; differentiates between economic activity that increases social well being and activity that it decreases.
The values not usually included in the price of a good or service.
A technique that uses surveys to determine how much people would be willing to pay to protect a resource or to restore it after damage has been done.
The situation in which the market does not distribute resources efficiently.
When a company places some symbol or statement on its product so that consumers know what they are purchasing has been manufactured or produced in a certain way.