Institutions and Values Typically Change at a Faster Rate Than

question 70

True/False

Institutions and values typically change at a faster rate than material or popular culture.

---

Definitions:

Transitional Economies

These are countries changing from a centrally planned economy towards a more market-oriented economy.

Global Economic Fluctuations

Variations in economic activity, such as growth and recession, experienced across the world economy.

Communication Networks

Systems or structures that enable the exchange of information between entities over distances through electronic or other means.

Developing Country

A nation with a lower living standard, underdeveloped industrial base, and low Human Development Index relative to other countries.