REVISTA DE LA UNIVERSIDAD DEL ZULIA. 3ª época. Año 13 N° 38, 2022
Olena Budnyk et al/// The problem of economic literacy development of children and youth, 235-251
DOI: http://dx.doi.org/10.46925//rdluz.38.17
aspects of human life, where there is production or use of material values. The system of
qualities that determine the nature of human behavior in the process of production and
labor activities aimed at creating material values is called production culture, and the one
that determines the consumption culture. Thus, economic culture can be defined as a system
of human values (Nor et al., 2022) that determine its relationship to natural resources,
objects, tools, and products of human labor, psychological readiness, and the ability to
preserve, rationally use, and multiply them. Analysis of literature sources (Sutterab et al.,
2019; Petrakis et al., 2002; Davies et al., 2010) shows that this concept combines such values
as economic knowledge, practical skills, the specific perception of the world, thinking,
abilities, that is everything that determines the nature of human behavior in the world of
material and spiritual values.
In the structure of economic culture, we distinguish psychological and pedagogical
components: intellectual, motivational, behavioral, orientation, and others. Intellectual and
behavioral components – the result of didactic, motivational – developmental, and
orientation-value – educational functions of studying.
Human economic culture is actualized in the appropriate behavior and activities.
Economic activity is a person’s activity in the field of material production, as well as in the
sphere of science, culture, education, everyday life, etc. The economic behavior of a person
is manifested in his/her appropriate culture.
According to research, “age, gender, and other factors such as socio-economic
background or in-group favoritism have been found to shape economic behavior of children
and adolescents, with the latter often showing patterns of behavior that are similar to the
evidence from adult subject pools” (Sutterab et al., 2019).
In this context, we define another concept – the schoolchild’s economic sphere –
his/her specific perception of the world, abilities, thinking, as well as a system of ideas,
beliefs, feelings that provide and regulate the appropriate behavior and activities.(Silva et
al., 2022).
Resulting from the fact that a person with a high level of economic culture is
characterized by several inherent values: entrepreneurship, hard work, responsibility,
purposefulness, and others. Economic competence is a holistic process of formation and
development of economic knowledge, skills, abilities, values, the experience of
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