Explain Why Minority Influence Often Leads to Genuine Acceptance Rather

question 12

Essay

Explain why minority influence often leads to genuine acceptance rather than simply public compliance.

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Definitions:

Supply

The total amount of a product or service available for purchase at any given price point in a market.

Purchasing Power Parity

A theory in economics that suggests that in the absence of transaction costs and other barriers, identical goods should have the same price in different countries when prices are expressed in a common currency.

Prices

Monetary values assigned to products and services which are determined by the interaction of supply and demand in the market.

Exchange Rates

The value of one currency for the purpose of conversion to another.