Examlex
Which theory is based on the idea that new norms are created considering some precipitating event,and they guide the often-nontraditional actions that characterize collective behavior?
Attractive Alternative
A choice that appears more appealing than others due to its advantages or potential benefits, often considered in decision-making processes.
Pure Command Economy
An economic system where all production, investment, prices, and incomes are controlled by the government.
Privately Owned
Refers to properties, businesses, or assets that are owned by individuals or private companies and not by the state or public entities.
Price System
A mechanism through which prices adjust to balance supply and demand for goods and services in an economy.
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