Examlex
Why was Hofstede's work criticized? What are some of the strengths from Hofstede's work?
Capitalistic Economic System
An economic system where trade and industry are controlled by private owners for profit, rather than by the state.
Private Individuals
Non-governmental persons who engage in economic transactions or investments on their own behalf.
Former Soviet Union
A federal socialist state in Northern Eurasia that existed from 1922 to 1991, comprising multiple subnational Soviet republics.
Consumer Goods
Items bought and used by consumers, rather than by manufacturers for producing other goods.
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