Which term describes the assurance that the basic needs of every individual should be met?

The term that describes the assurance that the basic needs of every individual should be met is economic security. This concept encompasses the idea that all individuals have access to essential resources such as food, shelter, healthcare, and education, which are critical for their survival and well-being. Economic security is vital for fostering a stable society, as it aims to reduce poverty and inequality by ensuring that fundamental needs are not only recognized but effectively addressed.

In contrast, economic sustainability refers to long-term strategies that maintain economic stability without compromising future generations' ability to meet their needs. Resource equity focuses on the fair distribution of resources among individuals and groups, which, while related, does not specifically address the assurance of meeting basic needs for all. Market equilibrium pertains to the state where supply equals demand in a market, which is more about ensuring that markets function efficiently rather than directly addressing individual needs. Hence, economic security is the most appropriate term that encapsulates the aim of fulfilling the fundamental needs of every individual.