ACCT 453 Lecture Notes - Lecture 3: Nu Metal, Planned Economy, Market Economy

• School: Athabasca University
• Department: Accounting
• Course: ACCT 453
• Professor: mohamed E N N A J I

Document Summary

Culture: encompasses the knowledge experience, beliefs, values, attitudes, religion, symbols, and possesions acquired by a group of people whohave lived in the same region or country for generations. If on the other hand, their culture is different from the exisiting one, immigrants will often form a subculture. Bringing hings like their language and food into parts where they reside. Include things like punk, rage, indie, and nu metal. Rationalization: includes any attempt to increase a companies effectiveness or efficiency. Spatial perception: refers to the individual comfort levels with personal space and physical contact. Political system: is the type of government by which a country is run. Econnmic system: is the way a country organizes its resources and distributes goods and services to its citizens. Market economy: is also known as capitalism or private enterprise. Centrally planned economy: in this economy also known as communism or command economy, decisions are made by the economy.