Question

Why do economic system vary from culture to culture ​

Answer 1

Answer:

Culture affects economic activity through the choices that people make about how to allocate scarce resources. ... So if culture is going to influence economic activity, it has to influence those constrained optimization problems. And there are really only two options then.

Answer 2

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An economic system refers to the manner in which a culture produces and distributes its goods and services. It refers to the conditions under which a cultural group makes use of the capabilities of its individuals and the environment to derive some benefits.

Hope it helps uh! :)