10 Interesting Fact About The impact of economic systems on society and culture

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• Economic system affects the pattern of consumption of the community, for example in choosing the products purchased and the type of restaurant visited.
• The economic system also affects the values held by society, such as the value of individualism or collectivism.
• Economic systems can affect equality or social inequality in society.
• Economic systems can affect the level of poverty and welfare of the community.
• The economic system also affects the flow of population migration, for example in finding jobs or investments.
• Economic systems can affect the development of technology and innovation in society.
• Economic system can also affect international relations between countries.
• Economic systems can influence government policies in regulating natural resources and the environment.
• The economic system can also affect the education policy and training of labor in the community.
• The economic system can also affect health policies and social welfare in society.