Examlex
What school of social thought insists that all social structures, including systems of stratification, are built out of everyday interactions?
Previous Sunk Costs
Refers to resources that have already been spent and cannot be recovered.
Groups
A number of individuals assembled together or having some unifying relationship.
Failing Course Of Action
A strategy or plan that does not achieve its intended outcome or results in a negative consequence.
Bounded Rationality
A concept suggesting that individuals make decisions based on the limited information they have and their cognitive limitations.
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