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.
Subject(s):
Commerce Finance
Commerce Business enterprises
Recreation Folk traditions
Culture Culture
Related UN Sustainable Development Goals:
GOAL 4: Quality EducationGOAL 12: Responsible Consumption and Production
Problem Type:
F: Fuzzy exceptional problems
Date of last update
15.02.1997 – 00:00 CET