Sagot :
Answer:
Culture has an impact on economic activity by influencing how individuals allocate scarce resources. In other words, while culture is a fundamental predictor of economic activity, it is mediated by proximate factors such as (but not limited to) capital accumulation, technological adoption, and labor market participation decisions. So, if we're going to talk about how culture affects economic activity, we have to talk about how culture affects those proximate components as well.
Explanation:
Answer:
Culture affects economic activity through the choices that people make about how to allocate scarce resources. In other terms, while culture may be a fundamental determinant of economic activity, it acts through proximate factors like (but not exclusive to) the accumulation of capital, the adoption of technology, or labor market participation decisions. So if we are going to describe how culture influences economic activity, we need to describe how culture influences those proximate factors.
Source:
https://bit.ly/32VKCz9 (Brainly)