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In the picture is: Interrelated developments in the social system (Y. Hayami). Explain the meaning of each concept; give example for each; and explain how

In the picture is: Interrelated developments in the social system (Y. Hayami). Explain the meaning of each concept; give example for each; and explain how they are interconnected (affect each other)

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Culture: Cultural- Institutions- Value Institutional Rules System subsystem Resources- Technology- Production Production Economic Factors Function Subsystem

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