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The management team of a toy company decided that they would begin producing children's clothes. After six months, the company had made little money on its new clothing line. They could not compete with other children's clothing lines. Still, the management team decided to spend more money marketing their new line. This is an example of escalation of commitment.
Political Candidates
Individuals who are nominated or declare their interest in running for a political office.
Generation X
A demographic group referring to people born approximately between the early-to-mid 1960s and the early 1980s, characterized by their experiences during the rise of mass media and digital technology.
Social Security
A governmental program designed to provide financial assistance to people in need, such as the retired, disabled, or unemployed.
Baby Boomers
The demographic group born approximately between the years 1946 and 1964, known for its significant impact on economics, politics, and culture.
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