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Thorndike (1913) Found That the Consequences of a Response Strengthen

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Thorndike (1913) found that the consequences of a response strengthen the connection between that response and some stimulus in the environment. He called this strengthening the:


Definitions:

Consumer Spending

The total expenditures by households on goods and services, excluding new housing, which drives a significant portion of economic activity.

Income

The amount of money received on a regular basis through work or investments.

Multiplier Effect

The relative change in net income resulting from an addition or reduction in expenditure.

Crowding out

A situation in economics where increased government spending displaces private sector spending, either through higher taxes, higher interest rates, or borrowing.

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