Examlex
Exxon Mobil and Shell are two of the relatively few sellers in the oil-refining industry. Due to the tremendous capital investment required to enter this industry, these companies are insulated significantly from the threat of new competitive entrants and thus have considerable control over price. What is this market situation referred to as?
Social Change
Transformations or shifts in the structure and functioning of a society over time.
New Religious Movement
An informal group without defined structure; generally emerges around authoritarian and charismatic leaders who suppress rational thought to isolate members from the larger society.
Weber
Max Weber, a German sociologist, philosopher, and political economist whose ideas profoundly influenced social theory and social research.
Hinduism
A major world religion originating in the Indian subcontinent, characterized by a belief in reincarnation, karma, and a multitude of gods and goddesses.
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