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Theory of Competition
An economic theory that describes how individuals and firms compete within a market to maximize their benefits, usually through price, quality, and innovation.
Cyclical Theory
A theory suggesting that events or phenomena occur in predictable cycles, often applied to economics and history.
Conflict Theory
A sociological perspective that views social life as a competition for scarce resources, emphasizing the role of power and inequality in causing social conflict and change.
Value-Added Theory
A sociological theory related to social movements, suggesting that certain conditions must be met for collective behavior to emerge, leading to social change.
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