Select Page

Welfare

Welfare is an economic term used to describe the state of well-being of humans on an individual or collective basis.

Added value

Added value is a procedure that increases the worth of a product or raw material through transformation and processes.

Meta-design

Meta-design is the design to the design itself; it can be as a higher order of design; that transcends design disciplines through contingent workforce and open-ended process. It is inherently collaborative, inviting stakeholders and users into the process.

Monetarism

Monetarism, an approach to economic policy to control the money supply — the critical part of neoliberalism. In a deregulated system, where banks and other institutions are much free to lend money, the main, if not the only, way to do that is to use interest rates.

Optimal lifetimes

Optimal lifetime is a word used to describe “the appropriate durability of a garment in its lifespan. In our modern society, most people don’t buy clothes to cover basic human needs such as protection from cold weather or rain; parameter such as fit, comfort, look, and the colour is as important. Most clothes are thrown away long before it’s worn out because of lack of aesthetics or meaning.

Social Sustainability

Social sustainability includes human rights, labour rights, and internal corporate governance. It is the idea that future generations should have the same or greater access to social resources as the current generation and that this access should be equal.

Human needs

Human need is a term used to describe a comprehensive set of fundamental basic needs that are culturally and historically universal, non-overlapping, non-substitutable, complementary to one another, and must be satisfied on a persistent basis.