The theory of Mercantilism
The answer is: They are more likely to teach their children to rely on family and friends. Asian families are known for their close family ties and this strong bond is what the parents inculcate to their children while growing up. Parents teach their child how to maintain close family bonds consequently values and beliefs of the family members and relatives were also absorbed by the child. Due to the close familial interactions, the family values become a part of the child's development.
During demand pull inflation, cost doesn't play major role, here the main factor is demand, while in cost push inflation cost play major role, here demand is created by adjusting the coi.
