The Rate of Economic Growth and the Socio-Cultural Current

Costel Petcu
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Costel Petcu: University of Craiova

Annals of University of Craiova - Economic Sciences Series, 2008, vol. 3, issue 36, 1025-1032

Abstract: The increase of spendings with the prices of raw materials, energy and fuel has eventually, and almost inevitably, led to an unexpected rise in the demand for currency, a demand coming from the goods and services suppliers. The resulting effect was the surging of an accelerated inflationist wave, which in turn, produced the first warnings of a looming economic breakdown. From this point onwards, different other expenses became directly or indirectly engaged in relation to the volume of incorporated raw materials, to the employement of a highly skilled workforce, or to the necessity of technical equipment and machinery modernization. Starting from Peter M. Chisnall’s work, “Marketing: a behavior analysis” (3rd edition, McGraw-Hill, London, 2000), this study follows the interdependence of the behalf of goods manufacturers and managers, and on the other hand, behavioural attitudes on behalf of buyers and consumers; also exhibited and of importance are the stands taken by both sides in approaching an optimal strategy for their situation. At the same time, there is a clear indication of the impact socio-cultural changes exercises upon the dynamics and typologies of economic structures.

Keywords: socio-cultural fluxes; economic development and impact; protection management; technological research; consumption demand (search for similar items in EconPapers)
JEL-codes: D00 D80 O00 O11 (search for similar items in EconPapers)
Date: 2008
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