Value of Anthropology in Business & Finance Case Solution
The values that people use in economics are not necessarily the same as those used in other fields such as medicine, where it is essential to have a comprehensive knowledge of the cultural values and beliefs of the individuals who will be affected by medical treatment. This is why it is important to include anthropology in finance. One example is that the value of anthropology in finance may have an influence on the amount of debt that a person with chronic pain is willing to pay. The values may have been determined according to their importance to the modern western culture, but they are not considered as important to the individual as are the values of a modern western doctor.
It is also possible for different cultures to adopt cultural values from other cultures. For example, many native American Indians adopted the Western culture's value of family in order to make themselves more successful in the society and their personal lives. In this way, they were able to adjust the value of the family to their individual circumstances and to make it more effective and successful in their daily lives. Some cultures also consider the value of religion as being important, especially if that religion is practiced in a community where the majority of the individuals live in poverty. (Guang, 2014)
Influence of Other Aspects
Values in anthropology are also influenced by other aspects of the culture such as education, tradition, values, and language. In some cases, values may even be determined by the location of a particular cultural group within a geographical area.
It can also be argued that the value of anthropology in finance is not directly related to the amount of education that people have. Since most people do not have the time or the money to research the values of other cultures, they will look for the value of anthropology in finance through the use of the values of their own culture.
Economic systems are not only chosen for their ability to provide people with maximum security, but also for their ability to encourage people to value human behavior in ways that will influence their own behavior. Therefore, the behavior of people who live in these types of systems can be seen as a valuable component of the system, especially when it comes to the way they behave.
Human behavior and values are a key factor in determining the successful economic system in any given economy. People who take the time to study these factors can be very successful at predicting what will happen to a particular economy. By following these factors, a person can be better prepared to invest in a system that provides them with maximum security and the best chance of success.
Conclusion
In short, the value of anthropology in finance refers to the way that people perceive a particular economic system and how that system affects their own behavior. It also includes the ability to predict how well that system will perform...................
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