3.3 - Social Factors Flashcards
What do our cultural backgrounds tend to determine?
- Ideas
- Beliefs
- Values
- Attitudes
Lending and borrowing money is seen as acceptable in many religions, providing what?
Lenders treat borrowers fairly and borrowers do not build up unsustainable levels of debt.
Two types of Sharia home purchase plans
- Ijara
- Murabaha
What is the Sharia word for paying or charging interest?
Riba
Youth culture definition
The term used to describe the values shared by people in their teens and early 20’s.
What does grey culture refer to?
The older section of the population
Consumer culture definition
A society in which the buying and selling of goods and services is the most important social and economic activity,
Demographics involves analyzing a population in terms of:
- Age
- Sex
- Ethnicity
- Culture
- Social status
- Geography
What is happening to birth rates in Europe?
They are falling
Social external factor examples:
- Education
- Ethical issues
- Demographics
