Four ways socio cultural practice societal development
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Answer:
Every society has a set of values, beliefs, traditions, and habits known as their sociocultural values. These values shape how we approach risk, how we view careers, our perceptions of money, and our ideas of an ideal lifestyle. Because of this, sociocultural values are one of many interacting factors that can impact economic development within a country. Economic Development is when is a society shifts from traditional, agricultural-based living standards, into an industrialized and business-driven society--for example, the Industrial Revolution and the move from farming to factory jobs. In general, economic development is associated with a higher quality of life and an overall increase in the standard of living.
Because sociocultural values influence how we, as people in society, interact with the world; they also influence how we approach the process of economic development.
Sociocultural Values
Some sociocultural values that can impact economic development include:
Materialism/Post-Materialism
Collectivism/Individualism
Innovation
Religion
Obedience
Thrift
Risk Propensity
Materialism is the tendency to place greater value on physical needs or belongings than quality of life and spirituality. Post-materialism places greater value on spiritual well-being, quality of life, and relationships. Societies high in materialism are more likely to seek greater economic development in order to have more physical belongings. In contrast, post-materialist societies focus on enjoying the life available to them. Importantly, post-materialist societies are most likely to be identified in countries that are already developed, and their material needs have been met.
Collectivism is a value that leads people to act for the greater good of the entire population. Individualism suggests that people should make decisions for their own benefit, even if it has a negative impact on others. In collectivist societies, activities that lead to economic development should benefit the majority, if not all, of the population. However, in individualist societies, one person is concerned about their own satisfaction and economic development--often with little or no regard for the well-being of the greater society.
Innovation considers how interested a culture is in progress. Cultures high on innovation are excited and interested in new technologies, changes to society, and ultimately economic growth. In contrast, cultures low on innovation may be fearful or hesitant to implement anything new into their society.
The values taught within religion influence how individuals approach everyday activities. In turn, these values and beliefs can influence personal decisions on work, business ventures, and industrialization.
Obedience refers to how much citizens conform to the social norms and expectations. High obedience means that decisions made are in line with the cultural norms, and people are discouraged from doing anything outside of these norms.
Thrift, or frugality, refers to how much the culture saves money. Some cultures are focused on saving and not spending, while others are more interested in investment and making profit. Because economic development requires both saving and spending, the level of thrift and practices of spending within the culture can have an important impact on further development.
Risk Propensity is the level of risk an individual is naturally inclined to accept. Cultures high in risk propensity are more likely to accept the unknown, such as a new business venture, than those low in risk propensity.
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