conservatism

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Related to conserve: converse

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 ?
Although GRP has been able to achieve many programming goals with the Project Conserve partnership, there are a few things that were a challenge at first.
Farmland: conserve the most productive agricultural lands and sustain the current capacity to produce food.
Customers registered with the ISO to allow automatic curtailment during these critical times and are being paid by the ISO for their capacity to conserve when blackouts are forecast.
You're still going to want to conserve your engine,'' said Cristiano da Matta, the series champion and third-fastest qualifier.
Closures Europe has been working with Conserve Italia, whose brands include Derby, Yoga, Valfrutta and Jolly Colombani.
That trait is an inherited tendency to conserve salt within the body, says Grim, director of the Drew/UCLA Hypertension Research Center at the Charles R.
Under one program, NYSERDA will pay up to 50 percent of the cost for a consulting engineer to visit a site and determine ways that a building owner can conserve.
Let's at least be grateful that in California the fight is over how best to conserve, even as Washington attempts to force offshore oil drilling and nuclear power back onto the table.