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Suppose there is unseasonable summer weather in a resort town. We can expect demand to shift _____ and the equilibrium price for hotels to _____.
George Herbert Mead
An American sociologist, philosopher, and psychologist associated with the school of symbolic interactionism, emphasizing the role of language and symbols in social interaction.
Social Interaction
The process by which individuals act and react to those around them.
Charles Cooley
A sociologist known for his theory of the "Looking Glass Self," which posits that a person's sense of self develops from interpersonal interactions and the perceptions of others.
Cooling the Mark Out
A concept in sociology that describes how individuals are persuaded to accept a loss or failure without protest.
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