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

The selected term, which is economic security, accurately reflects the concept that every individual should have their basic needs met. Economic security encompasses the idea that people should have access to essential resources such as food, shelter, education, and healthcare. It indicates a stable environment in which individuals are not vulnerable to economic hazards that could deprive them of these fundamental necessities.

This concept emphasizes fairness and stability within an economy, ensuring that everyone can achieve a minimum standard of living. It is crucial for social well-being and helps create an environment where individuals can thrive and contribute positively to society.

In contrast, the other terms focus on different aspects of economics. Economic sustainability refers to practices that can be maintained over the long term without compromising the ability of future generations to meet their needs, but it doesn't specifically address individual needs directly. Resource equity pertains to the fair distribution of resources, but it does not guarantee that these resources will adequately meet basic needs for all individuals. Market equilibrium deals with the state in which supply and demand balance each other, leading to stable prices, but does not directly relate to ensuring that everyone's basic needs are fulfilled. This highlights why economic security is the best fit for the question posed.