Although it seems that the hierachy has a fixed order,
Maslow suggest that it is no neccesarily a fixed order. Which means that for a
person physiological needs might not be as important as having self esteem.
Maslow explains that the hierachy is universal howerver differs depending on
the level of motivation in an individual. This intention of this theory cannot be contrasted with
the priorties that has to be given by economic systems to allocated their
resources. Tamra orr in her book understanding the econmic systems explain the
three main criteria by which economic systems defined themselves. They are:
- The methods used in producing, distributing and consuming of goods and services. How to produce?, What to produce? And for whom to produce?
- The ownership of the factors of production ( Land, Labour, Capital and entreprenueur).
- The level of control the government has over the economy.