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What Are the Three Factors That Contribute to the Trend

question 26

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What are the three factors that contribute to the trend toward greater retail concentration in developed countries? How have these factors promoted retail concentration?


Definitions:

Postmodern Culture

A cultural phase characterized by skepticism towards grand narratives and ideologies, embracing plurality, diversity, and the mixing of different cultural elements.

Cultural Capital

Non-financial social assets that promote social mobility beyond economic means, including education, intellect, style of speech, dress, or physical appearance.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a generalized disdain for other cultures.

Cultural Relativism

The principle of understanding and judging a culture by its own standards and values rather than comparing it to those of another culture.

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