Explain Emergent Norm Theory and Illustrate It with an Example

question 43

Essay

Explain emergent norm theory and illustrate it with an example of a situation where emergent norms may arise.Include at least one critique of emergent norm theory.

---

Definitions:

Highest Bidder

In an auction, the person who offers the highest amount of money or value for the item or property being sold.

Sales Contract

An agreement between a buyer and seller outlining the terms of a sale, including price, delivery, and product specifications.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Merchant

An individual or business entity engaged in the sale of goods, particularly those specialized in a specific product or market.