conservatism

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Conservatism

The philosophy that what has been done should continue to be done as long as there is not a positive reason to change it. Conservatives may favor class distinctions as natural, or at least not harmful. In modern times, conservatism has become associated with the political right, or the belief that capitalism and the free market tend to best determine how an economy ought to be organized.

conservatism

or

prudence

see ACCOUNTING CONCEPTS.
References in periodicals archive ?
Despite the obvious threat of conversion to housing developments, many conservation groups view the upheaval in timberland ownership as a chance to create an entirely new approach to forest management focused on biodiversity.
Anybody who does the math has to conclude that we get more bang for our buck with conservation," says Sargent.
Under section 170(h)(4) and (5), a contribution is made exclusively for conservation purposes if it is made in perpetuity and designed to
The really exciting promise of precision conservation to me is applying it at watershed or landscape scale.
In order to achieve the necessary energy conservation requirements the team chose to install high efficiency gas fired condensing boilers, high EER water source heat pumps, photo voltaic cells, air-to-air and water-to-water heat recovery equipment and occupancy sensors in order to reduce energy dependence and consumption.
As it is, forest companies, the government and most mainstream conservation groups arrived at a consensus several years ago stipulating that new conservation reserves must be balanced with more development.
Because many threatened forests lie along international boundaries, international cooperation will often be necessary to achieve a particular conservation objective.
A more forward-looking philosophy concerning special collections conservation, however, is the view of a collection as a whole, of what has become known as collections conservation.
We need also to think of forest conservation and wildlife conservation, and not just for the sake of hunting and fishing, but because our woodlands are economically precious and because farming depends on nature's processes and its health.
Although private solutions to wildlife conservation have had dramatic results, their promise and application in post-colonial Southern Africa is limited by the political power and cultural dominance of communal lands.

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