In Thoreau's 'Walden', what does the term 'economy' primarily refer to?

• A. The exchange of goods and services in a market
• B. The study of national income and output
• C. The management of one's resources and needs for a simple, purposeful life
• D. The process of maximizing profits in business

Answer: (C)

Verified step by step guidance

1. Understand that in the context of Thoreau's 'Walden', the term 'economy' does not refer to market transactions or national income, but rather to a personal and philosophical concept.
2. Recognize that Thoreau uses 'economy' to describe how an individual manages their own resources, time, and needs in order to live simply and purposefully.
3. Note that this idea of economy emphasizes self-sufficiency, minimalism, and thoughtful use of what one has, rather than financial or business activities.
4. Contrast this with the common economic definitions related to markets, income, or profit maximization, which are not the focus in 'Walden'.
5. Conclude that 'economy' in 'Walden' primarily refers to the management of one's resources and needs for a simple, purposeful life.