How does the economic system influence the culture of the country and how people live?

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asked Jan 12, 2020 131k views

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Irfan Akram · Answer 1 · 2020-01-18T07:34:32+0000

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.

How does the economic system influence the culture of the country and how people live?

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