👉 Thriftiness in the context of economics, business ethics, and social responsibility refers to a characteristic of individuals or groups that prioritizes saving money and resources rather than accumulating wealth. This may involve the use of savings and investment strategies, as well as ethical considerations when making decisions about how to allocate resources and financial capital. In terms of specific examples, thriftiness might be seen in individuals who prioritize investing their money in areas such as education, healthcare, or social services that can help those less fortunate.
