Relating to, or characterized by an emphasis on money, financial considerations, and economic value above all other factors. It describes a perspective, policy, or system where financial gain, the accumulation of wealth, and the control of financial resources are the primary drivers of decision-making and action. This focus often prioritizes economic efficiency, profit maximization, and the manipulation of financial instruments over social, ethical, or environmental concerns. The term suggests a worldview where monetary value is seen as the ultimate measure of success and importance.
Monetary-centric meaning with examples
- The company's monetary-centric approach was evident in its relentless pursuit of profit, even when it meant sacrificing employee well-being and environmental sustainability. Their decisions were always based on the immediate impact on stock prices and shareholder dividends, disregarding long-term consequences. This approach ultimately harmed their reputation.
- Critics argued that the government's monetary-centric economic policies, focused primarily on GDP growth and financial market stability, had exacerbated income inequality and failed to address critical social issues like affordable housing and healthcare. The emphasis was on figures not on real people's lives.
- A monetary-centric educational system might prioritize subjects that are perceived to have high earning potential, such as business and finance, while de-emphasizing arts, humanities, and other fields that offer less direct financial reward. This imbalance can stifle creativity and critical thinking skills.
- The adoption of a monetary-centric foreign policy, where international relations are primarily viewed through the lens of economic gain and financial influence, can lead to exploitation, political instability, and the disregard of human rights in less developed countries, as governments prioritize trade deals.