In capitalism, most work consists of employment. Employment is work performed for someone else and with its output owned by someone else in return for the payment of wages and salaries. About 85 percent of households in developed capitalist households in developing capitalist economies rely on employment as their dominant source of income over their lives. Managing the employment relationship is central to capitalism. Employers face complicated challenges in minimizing labor costs while maximizing. The effort to discipline their employees. How does this The role of culture in economic development, Culture can play a significant role in economic development. For example, cultures that emphasize hard work, education, and saving are more likely to experience economic growth.