According to Pierre Bourdieu, the use of culture to display and mantain social position is an example of <u>habitus.</u>
The habitus is one of the central concepts of Bordieu's sociological work. It consists of different ways of acting, thinking and feeling related to social position, and makes people who belong to the same homogeneous environment share similar lifestyles.
By cultivating tastes for fine foods, wines and art, as well as vacationing in expensive and remote locations, members of elite social classes construct their own habitus, dominating lower social classes.
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<span>Economic planning is a resource allocation mechanism that is contrasted with the market mechanism. As a coordinating mechanism for socialist economics, economic planning substitutes factor markets and is defined as a direct allocation of resources. This is contrasted with the indirect allocation mechanism of a market economy. There are various types that economic planning procedures and forms planning can take.</span>