There are five personal values. The five are theoretical, economic, aesthetic, social, political, and religious. What is the economic person like? What makes the economic person stand out from the others? Describe the typical economic person.
Solution:
The economic value revolves around money and monetary values associated with things & practices. Hence, an economic person will be the one who is more oriented towards the monetary values and association with things and practices which exercise the monetary values. The ability of the person to think about ownership, property, and aspects of common economic good are the properties of an economic person.
The difference between an economic person and others can typically be described by the importance which an economic person has for the economic aspects of life, that is having ownership, having a property and monetary assets. These aspects are not present with any other personal values and are typical of an economic person. An example of a typical economic person will be of a businessman operating a small business who is more oriented towards improving the bottom line of his business and hence is taking activities which will allow him to improve the economic state of his business. This is a typical example of an economic person.
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