Early Buddhism was primarily a monastic spiritual tradition that focused on personal inner developmentInner development as a means of alleviating suffering and achieving enlightenmentEnlightenment (Harvey 2013). Nevertheless, Payutto (1994) asserts that the BuddhaBuddha delivered several teachings on economic matters. He argues that providing people with basic necessities is one of the most important tasks from an economic point of view and emphasizes that Buddhist teachings do not prohibit the accumulation of wealthWealth for laypeople if it is generated and used in an ethical manner. Regarding wealth, it is praiseworthy to practice contentment for one’s own benefit and practice generosity for the benefit of others, but being greedy should be avoided.