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 ?
"It is important to conserve forests because they are important natural resources.
ConServe is one of 11 defendants in the case and one of three labeled as "prime contractors" tasked with collecting defaulted federal student loans and grant overpayments.
ConServe is headquartered in Fairport and employs 750 people in Western New York.
They found out newer methods in order to conserve every single drop of water."
Project Conserve serves western North Carolina by building stronger, more educated, and more involved communities that understand the threats to their local environment and are equipped with the tools and resources to take direct conservation action.
Dewa also announced that the 2011 Awards obtained the highest number of participants registering to take part in the competition with 4,000 entrants confirming their commitment to conserve on utilities.
and effective way to conserve water in Colorado to help meet its growing
Surgeons vary in how much they take away from around growths when carrying out surgery designed to conserve as much of the breast as possible.
FoodBizSupply.com, an online leader for quality sustainable foodservice supply and to-go packaging, has announced the availability of ConServe gloves on the company's retail site.
Increased tourist arrival in the region has encouraged locals to conserve the rhododendron forest.
Belkin International, a US producer of connectivity and power products, announced on Wednesday it had closed the purchase of Zensi, a local developer of technology for energy use monitoring, for an unrevealed sum, to boost the offering of its conserve energy portfolio.
The inspired addition of honey to conserve evokes a wonderful, natural sweetness that enhances delicious chunks of real fruit that sugar often overpowers.