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After a Princeton-Darthmouth football game that ended in fistfights and injuries on both sides, two psychologists showed game films to students on each campus. The Princeton students identified twice as many Dartmouth violations as Dartmouth students did when each watched the game. This emphasizes
Neocolonialism
The economic and political strategies by which powerful nations indirectly maintain or extend their influence over other countries, often through economic pressures or cultural dominance.
Capital-Using Technology
An improvement in technology that requires the use of a greater amount of capital to produce a specific quantity of a product.
Capital-Saving Technology
An improvement in technology that permits a greater quantity of a product to be produced with a specific amount of capital (or permits the same amount of the product to be produced with a smaller amount of capital).
Capital Consumption
The diminution of physical capital's value over time due to use, wear and tear, or obsolescence, also known as depreciation.
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