Social and economical differences in socialization
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Economic socialization is described as such; helping children develop the skills to function effectively in global economic world is a challenge. They must learn the fundamental economic concepts and behaviors to be self-reliant including knowledge, spending and saving, credit and debt, career planning, entrepreneurship and property ownership. In a more condensed definition economic socialization is; Children and adolescents developmental competencies in understanding and participating in economic process.
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Economic socialization is described as such; helping children develop the skills to function effectively in global economic world is a challenge. They must learn the fundamental economic concepts and behaviors to be self-reliant including knowledge, spending and saving, credit and debt, career planning, entrepreneurship and property ownership. In a more condensed definition economic socialization is; Children and adolescents developmental competencies in understanding and participating in economic process.
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