Examlex
If a firm operates at a loss, its retained earnings are decreased.
Verstehen
A german term used by Max Weber to denote the importance of understanding social action from the perspective of those engaged in it.
Sociological Imagination
The ability to see the relationship between individual experiences and the larger society, a concept coined by C. Wright Mills.
Montesquieu
A French political philosopher known for his theory of separation of powers, which has influenced many modern democratic governments.
Sociological Theory
A set of ideas that provides an explanation for human society and social behavior through understanding social structures, actions, and changes.
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