Descriptive modelling on the effects of cultural values on the assessment of economic development of countries

Economics has an important place in human life. It is guided by people's socio-cultural and political decisions, lives and hence economic decisions. However, the effects of sociological, cultural and political values ​​on the economy are controversial. Economic factors and social elements are a whole. Economic activity has emerged in a community and is gaining sociability in a social order (Abrams & Lewis, 1995). Transitioning economic measures and policies from an abstract state to a concrete ground is possible by shifting the social and cultural realities into reality. The development is considered to be a departure from the usual trajectory of economic activity and to a new level of equilibrium. In order to prevent disruption in the new equilibrium, economic development and growth must be supported by social integration policies. In this study, the relations of the factors which have a great effect on social life and culture with the economy are examined.