Monday, 19 October 2015

Effect of religion on economy. Quest, p. 52, x.D, 2

In chapter 2 of Quest 2, Hartmann's academic reading, "Economic Systems," introduces the four types of economic system that economists have identified.

In exercise D. on page 52, she asks us to discuss these in relation to aspects of our own and other countries' economies.

Response write on Hartmann's question below.
_______________________________________ 

Question 2
What is the effect of religious beliefs and values on the economy where you live? What effect does religion have on the economy of other countries?

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Reference
Hartmann, P. (2007). Quest 2 Reading and Writing (2nd ed.). New York: McGraw-Hill.

8 comments:

  1. In Australia, I think religion is a powerful sales stimulant during major celebrations. This is especially true for Christmas, when everyone rushes to buy gifts, to buy food and generally celebrate. It might be argued that much of this spending is not religiously motivated, but it is the Christian religious base that gave rise to the current situation.

    Similarly, at Easter, the days off from work and the spending on chocolate are powerful economic factors in the Australian economy. Now that I think of it, religion is often a reason for not working, for holidays, including Sunday and the weekend, which were traditionally days off to allow attendance at church and other religious activities, and this is reflected in penalty pay rates for work done on Sundays or other public holidays, which often have religious origins.

    Another area where religions have an impact is in tax revenue because they don't have to pay taxes and donation made to religious groups are tax deductible.

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  2. I guess maybe there is something that we cannot use or buy based on religious beliefs (I cannot think right now) and it might affect when we import something from other countries.

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  3. Apparently, the P.M. Prayut emphasizes one policy which he see as an important part of our Thailand's economy and he published in form of the speech in the United Nation last month. These economic value is the sufficient economy. Even it doesn't work good enough in actual but there are some effects on economy.

    In other countries, for example Islam, there is Halal products which are the effects of religious belief.

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    Replies
    1. I like the Halal example. As the Muslim population of Australia has grown, it is increasingly common to see Halal food shops in areas with large Muslim populations.

      When I was a child, Catholics didn't eat meat on Fridays, and must have had some economic effect, if only on a weekly basis. I don't think many Australian Catholics worry about that rule any more, not even my mother.

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  5. Thai culture is mainly Buddhism; by the way, the society opens to other religious.

    Buddhist believes in birth, old, pain and dead; in addition, they believes that action causes the result - if they do good thing, they will get good results. Buddhist really affect to people life in the society. They believe to do merit for better life. However, some groups of people use that in worst way by tricking others for money that many Buddhist also believe such things with unreasonable.

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  6. They value the grey product like alcohol in the form of sin tax and limiting advertisement's law. Recently, there are the talk of the town about alcohol advertisement accusation of Thai actors in private Instagram account as a picture of the bottle even on the dining table. I think limitation of selling alcohol like muslim country may be a better way for some buddhist in this country.

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  7. The teaching of religious about honest and moral is effected to the economic.But that is not gurranted .

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