Question

Which of the following are tools commonly used to study economic culture?

Answer 1

Answer: A. Literature

B. Quality of life

C. Gross domestic product

Explanation:

Economic culture can be defined as the culture of  share of relation of financial progress of a person or community with the culture or life style. The economic culture can be studied by the literature of earlier people life style and the facilities they had, that can be compared with the present day people.  Gross domestic product is the money generated by the goods and services generated by the country in a specific time constraint this will also decide the economic growth and progress of the country and directly influence the culture.