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In MacPherson v. Buick, where the wheel on a new Buick collapsed, causing the car to crash, injuring MacPherson, the court of appeals held that:
World Systems Theory
A sociological perspective that analyzes global inequalities by categorizing countries as core, semi-periphery, and periphery, focusing on the economic and political connections that shape global capitalism.
Neo-Marxist Philosophy
An approach that extends Marxist theory to include cultural and ideological factors influencing social structure and class relations.
International Division
The differentiation of tasks, production, or labor on a global scale, often leading to economic disparities between nations.
Differential Profits
Differential profits refer to the variation in profits earned by businesses due to differences in efficiency, market conditions, or innovation, highlighting disparities in economic performance.
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