Question

'Tabula rasa' or blank slate was defined by Locke regarding human once they born which represent their mental state. Socialization agents play a vital role in shaping individual's characters. How far these agents of socialization construct individual's perspective towards their financial knowledge ?Case study and example are allowed.

Answer 1

This philosophy advocates that at the birth the human brain is a blank slate and it is without any rules for processing of data so socialization agents play a vital role in shaping individuals characteristic.

if an individual has got such surrounding in which people are financially aware, he will start to plan financially through his initial stages of life and he would like to be an early investor in his life.

If the society around him is not much focused at making investments and it is much focus at holding assets which have physical value then he would not be incliened towards making investments and he would be referring to holding more of the cash and doing more of the business.

It is all about the society in which an individual growts and starts his life, the society helps in getting financial education and making him financially aware of various economic scenarios, so that he could be prepared in advance.