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In sociology, a tipping point is a point in time when a group—or many group members—rapidly and dramatically changes its behavior by widely adopting a previously rare practice. [ 1 ] History
Tipping point (sociology), an event when a previously rare phenomenon becomes rapidly and dramatically more common; Tipping point, in catastrophe theory, the value of the parameter in which the set of equilibria abruptly changes; Tipping points in the climate system, thresholds that, when exceeded, can lead to large changes in the state of the ...
Economic sociology is the study of the social cause and effect of various economic phenomena. The field can be broadly divided into a classical period and a ...
Dunbar's number has become of interest in anthropology, evolutionary psychology, [12] statistics, and business management.For example, developers of social software are interested in it, as they need to know the size of social networks their software needs to take into account; and in the modern military, operational psychologists seek such data to support or refute policies related to ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Abram Bergson (Burk),"A Reformulation of Certain Aspects of Welfare Economics," Quarterly Journal of Economics, 52(2), February 1938, 310–34; Bergson–Samuelson social welfare functions in Paretian welfare economics from the New School. James E. Foster and Amartya Sen, 1996, On Economic Inequality, expanded edition with annexe, ISBN 0-19 ...
Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. [1] More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference."
A historical example of runaway stratification is the Great Depression of the late 1920s and 1930s. As monopolies gained increasing power and influence, the working class gradually lost purchasing power until other factors, such as the bank failures, coincided to produce an economic collapse .