Sufficiency Economy Flashcards

1
Q

having enough of something for a particular purpose

A

sufficiency

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2
Q

___________ _______ is about development in the moderate way through moderation, reasonableness, and self-immunity as well as knowledge and virtue

A

sufficiency economy

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3
Q

____ ________ granted the Philosophy of Sufficiency Economy to Thai people

A

King Bhumibol

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4
Q

Why did King Bhumibol create the Philosophy of Sufficiency Economy?

A

so Thai people can live in a moderated and self-sufficient life.

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5
Q

the 3 principles (foundational ideas) Philosophy of Sufficiency Economy :

A

Moderation, Reasonableness, Self-Immunity

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6
Q

Philosophy of Sufficiency Economy : use only what you need

A

moderation

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7
Q

Philosophy of Sufficiency Economy : make good decisions about what we buy/how we use

A

reasonableness

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8
Q

Philosophy of Sufficiency Economy : to be able to adjust to change

A

self-immunity

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9
Q

Philosophy of Sufficiency Economy : Knowledge Condition

A

resourcefulness, prudence, carefulness

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10
Q

Philosophy of Sufficiency Economy : virtue condition

A

integrity, honesty, diligence, patience, intelligence, generosity

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11
Q

Philosophy of Sufficiency Economy contribute to _____ ___ ___________ ___________ __ _______

A

secure and sustainable development of economy, society, and environment

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12
Q

we can apply the Philosophy of Sufficiency Economy in our _____, ______, and in our _________

A

homes, school, and in the community

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13
Q

people working together for the success of all

A

the power of harmony

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14
Q

a non-profit and legal organization owned and operated by a group of more than 10 individuals with the common objective of running a business or doing social services

A

cooperative

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15
Q

first cooperative in Thailand was named ___ ____ ___________

A

Wat Chan Cooperative

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16
Q

advantages of having cooperatives

A
  • cutting out the middleman from business transactions, reducing business costs and increasing profit
  • get buying power because there are so many members
  • provides a source of loans to members
  • gives members can get special training
17
Q

types of cooperatives

A
  • agriculture cooperative
  • fishery cooperative
  • estate cooperative
  • cooperative store
  • saving cooperative
  • service cooperative
18
Q

the 2 conditions (attitudes) that are part of the Philosophy of Sufficiency Economy

A
  1. Knowledge Condition

2. Virtue Condition