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klasskru [66]
3 years ago
11

I’m what ways can culture impact economics

Geography
1 answer:
Aleksandr-060686 [28]3 years ago
3 0

Answer:

Culture affects economic activity through the choices that people make about how to allocate scarce resources. ... So if culture is going to influence economic activity, it has to influence those constrained optimization problems.

Culture is found to affect economic performance through two channels; cultural traits that stimulate individual motivation, and traits that develop social capital in the population.

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