The Concept of Rationalization, the Process by Which the Social

question 55

Multiple Choice

The concept of rationalization, the process by which the social world becomes more precise, efficiently organized, and involves more abstract rules was developed by ___________.

• A) Max Weber
• B) Émile Durkheim
• C) Herbert Spencer
• D) Karl Marx

---

Definitions:

Social Optimum

A state in which resources are allocated in the most efficient way from the perspective of society as a whole.

Economic Efficiency

A state where all resources in an economy are optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

Transaction Cost

Expenses incurred when buying or selling goods or services, including fees, taxes, and other charges.

Externality Problem

A situation in which a third party is affected by the consequences of a transaction or activity between others, either positively or negatively.