According to Hofstede, Collectivist Societies

question 47

Multiple Choice

According to Hofstede, collectivist societies

• A)emphasize self-expression, personal freedom, and individual rights.
• B)adhere to the principle that people should be judged by their contribution to the group.
• C)discourage individuals from placing societal welfare above their own.
• D)encourage the pursuit of individual goals and individual entrepreneurship.
• E)adhere to the principle that people should be judged by their individual achievements.

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Definitions:

Saving Rates

The proportion of disposable income that individuals or an economy as a whole save rather than spend on consumption.

Income Growth

An increase in the amount of money earned by individuals or households over time.

Country

A distinct territorial body or political entity that is recognized as an independent nation.

Capital Accumulation

The growth of assets or wealth through investment or profits, often reinvested to generate further growth.