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If we accept the definition (offered by the physicist David Bohm) that culture is shared meaning, then the answer depends on your cultural values. In Turkey, for example, the term for the money you make to cover the costs you must have to live is "ekmek parasi," or literally "bread money." Though similar to America's phrase, "bread and butter", the Turkish one actually reflects a cultural culinary reality: one does not sit down to a table without bread.
Sad is the culture that considers bread a luxury.
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Are business ethics a necessity or a luxury?
there are none
What kind of elastic demand does electricity belong?
It depends on whether electricity is necessity or luxury. In the US where electricity is a necessity, the demand is likely to be inelastic In Africa where electricity is luxury, the demand is likely to be elastic
What is the difference between an economic luxury and an economic necessity?
An elecomic luxury is wasting land on pools huge garden,etc.And an economic necessity is when you need a certain amount of space (houses)to make something totally necessary (to live in)
Is bread elastic or inelastic?
Inelastic It is inelastic because it is a necessity, which is a factor that determines price elasticity, bread is a staple diet around the world which makes it a need and therefore a necessity which is inelastic.
How Luxury goods are price elastic?
Luxury products are elastic, in comparison to necessity products which are inelastic. Luxury goods are elastic because for a change in price there is a more than proportionate change in quantity. e.g. If the price of a luxury good increases, less people will purchase the good because it is not necessary in their lives - they can do without it.
Mobile phone is luxury or necessity?
the answer is that some people think it is a necessity, but it used to be a luxury in the 80's
Are business ethics a necessity or a luxury?
there are none
Necessities and luxuries?
Is orthodoncia a luxury or a necessity
Was a phonograph a luxury good or a necessity good?
For most homes the phonograph was a luxury good. However, for a radio broadcasting station the phonograph was a necessity good.
Is dining room furniture considered a luxury or a necessity?
If you often have guests at your house, and you prefer a formal dinner, than it is a necessity. Otherwise, it can be considered a luxury.
Being ethical in business is no longer a luxury?
being ethical in business is no longer a luxury. it a necessity
What kind of elastic demand does electricity belong?
It depends on whether electricity is necessity or luxury. In the US where electricity is a necessity, the demand is likely to be inelastic In Africa where electricity is luxury, the demand is likely to be elastic
How does a persons perception of a good is a necessity or a luxury affect his or her purchase of it?
a good that is perceived as a necessity will be purchased even if the price rises
How does a person's perception of whether a good is necessity or a luxury affect his or her purchases of it?
a good that is perceived as a necessity will be purchased even if the price rises
How does a person perception of whether a good is a necessity or a luxury affect his or her purchases of it?
a good that is perceived as a necessity will be purchased even if the price rises
How does a person's perception of whether a good is a necessity or luxury affect his or her perception of it?
a good that is perceived as a necessity will be purchased even if the price rises
How does a persons perception of whether a good is a necessity or luxury affect his or her purchases of it?
a good that is perceived as a necessity will be purchased even if the price rises
