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Geert Hofstede makes a distinction between two kinds of stereotypes. What perception is about members of the other group?
Market System
In this economic structure, supply and demand forces directly influence decisions around investment, production capacity, and distribution methods, with the price points of goods and services being freely determined in a competitive price system.
Expanding Industry
An industry or sector experiencing significant growth in terms of output, sales, or number of participants.
Resource Prices
The costs associated with acquiring raw materials or inputs used in the production of goods and services.
Allocation
The process of assigning resources or goods to various uses or individuals in an economy.
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