Examlex

Solved

Which Theorist Invented the Term Sociology and Developed It as a Field

question 45

Multiple Choice

Which theorist invented the term sociology and developed it as a field of thought?


Definitions:

Productive Efficiency

A situation in which an economy or entity is operating at maximum capacity, producing goods or services at the lowest possible cost.

Long-Run Equilibrium

A state in economics where all factors of production and outputs in an industry or market adjust fully to any changes, leading to a stable condition where no participant has an incentive to change behavior.

Spillovers

Economic events in one context that have effects on a third party or in a different context, often external to the initial economic activity.

Marginal Cost

The additional cost incurred by producing one extra unit of a good or service.

Related Questions