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The Rate of Economic Growth and the Socio-Cultural Current

  • Costel PETCU

    (University of Craiova)

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    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.

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    Article provided by University of Craiova, Faculty of Economics and Business Administration in its journal Annals of Computational Economics.

    Volume (Year): 3 (2008)
    Issue (Month): 36 (May)
    Pages: 1025-1032

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    Handle: RePEc:aio:aucsse:v:3:y:2008:i:11:p:1025-1032
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