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Week 1: Indigenous and Western Worldviews Mazzucato Summary Quiz

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Week 1: Indigenous and Western Worldviews Mazzucato Summary Quiz

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Questions and Answers

According to Mazzucato's video, what was the focus of economic thinking in the 1800s?

Labour (correct)

Innovation

Farming

Preferences

What does Mazzucato suggest is a common misconception regarding value creation?

Making money by moving it around is highly valuable

Having a higher income always indicates higher productivity (correct)

Creating quick profits is the main measure of value

Value creation is synonymous with value extraction

According to Mazzucato, why are innovators considered the drivers of economic growth?

They generate quick profits

They work in both public and private sectors

Their new ideas and inventions lead to economic improvements (correct)

They focus on financial tricks

What role does the public sector play in relation to innovation, as highlighted by Mazzucato?

Research and development Signup and view all the answers

In Mazzucato's view, why is it important to rethink how we measure value in society?

To consider contributions to society and the economy Signup and view all the answers

What does Mazzucato criticize about some individuals' approach to making money?

Playing with numbers instead of creating value Signup and view all the answers

What is the long-term goal of business sustainability according to the text?

Thriving societies and ecosystems Signup and view all the answers

How does the concept of a 'circular economy' contribute to sustainability?

By reducing waste generation through reuse Signup and view all the answers

What is a key challenge with Corporate Social Responsibility (CSR) mentioned in the text?

Defining who corporations should feel responsible to Signup and view all the answers

Why is it mentioned that companies should replace shareholder capitalism with stakeholder capitalism?

To promote sustainable practices and consider various stakeholders Signup and view all the answers

How can working with other organizations impact sustainability efforts?

Increase collaboration and knowledge sharing for better outcomes Signup and view all the answers

What is a benefit of building a loyal customer base related to business sustainability?

Attracting and retaining more customers committed to sustainable practices Signup and view all the answers