concept   borrowing money
6 commonsense assertions
Cultures (6) • East Asian countries (1) • African countries (1) • Latin American countries (1) • Northern European countries (1) • Scandinavian countries (1) • South Asian countries (1)
# Concept Culture Statement Freq.
1 borrowing money East Asian countries In East Asian countries, borrowing money is uncommon and disapproved of due to their reliance on savings and personal networks. 2
2 borrowing money African countries In African countries, borrowing money is mainly for urgent needs and repaying debts is a matter of integrity. 1
3 borrowing money Latin American countries In Latin American countries, borrowing money is often based on social relationships within a circle of friends or extended family. 1
4 borrowing money Northern European countries Borrowing money for higher education is widely accepted and considered a smart investment in Northern European countries. 1
5 borrowing money Scandinavian countries In Scandinavian countries, borrowing money for non-essential items is frowned upon and seen as financially irresponsible. 1
6 borrowing money South Asian countries Borrowing money in South Asian countries carries a strong social obligation to repay it promptly, especially when borrowing from friends and family. 1