If you are part of a high power distance culture, there is a good chance that you could also be a part of a <u>collectivistic culture</u>.
<h3>What is a culture?</h3>
It refers to the set of learned values, beliefs customs and practices that are shared by a group and are passed from one generation to another. In other word, it is the societal norm, values and beliefs that a group of people ascribe to.
The type of culture that gives great deference to a person of authority is known as High Power Distance culture while one that values the equal treatment of everyone is known as a Low Power Distance culture.
In conclusion, when we are part of a high power distance culture, there is a good chance that you could also be a part of a <u>collectivistic culture</u>.
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Answer:
Capitalism in practice
Perfect competition is only theoretical, it has never existed nor is it possible to exist. Capitalism as defined cannot exist and any economy that claims to be capitalist is actually some other type of economic system, i.e. only has some capitalist features.
Explanation:
Answer: A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return. ... The value of bartering items can be negotiated with the other party. And community is a group of people living in the same place or having a particular characteristic in common.
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Explanation:
