Problem
Cultural traditions blocking business profit
Nature:
Traditional cultures which emphasis generosity, social equality, strong family ties often prevent the generation of business profits. Family members and friends may demand credit from employees of a shop or business which is never paid back. Business owners may be expected to make hugh contributions to community affairs. The shop owner as the major interface between a moneyed economy and a barter economy is frequently in the position of never making a profit. Broader Problems:
Ineffectiveness of tradition-bound small business methods Narrower Problems:
Undue control of prices by intermediaries Aggravates:
Marginal level of family incomeInsufficient returns from farmingLimitations on capital development in rural areas Reduces:
Unethical profit-making Strategies:
Blocking business profitMaking profit Subject(s):
Commerce → FinanceCommerce → Business enterprises
Recreation → Folk traditions
Culture → Culture
Related UN Sustainable Development Goals:
Problem Type:
F: Fuzzy exceptional problems Date of last update
04.10.2020 – 22:48 CEST