Do our economies follow Maslow's hierarchy of needs?

Maslow in the hierarchy of needs, put the 'Self actualization' in the highest place on the pyramid. I, generally, support the theory except one point. read more

Our economies follow maslow's hierarchy for the basic needs. But for the higher goals and higher levels of the Maslow's pyramid, we cant relied on the economics terms. Higher levels like 'Self Actualization' are beyond the economic needs and cant be attained by current economic methods. read more

The economy’s ascension to a higher level within Maslow’s hierarchy thus indicates that there is further development in the economy. The first category of Maslow’s hierarchy of needs is “Basic Needs”. read more