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When Does a Shortage Occur

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When does a shortage occur?


Definitions:

Conformity Pressure

The psychological force exerted by group norms and expectations that compels individuals to align their behavior with the group.

Normative Influence

Socially based pressure felt by individuals to conform to the expectations or norms of a group, often to gain approval or avoid disapproval.

Informational Influence

A form of social influence where a person conforms to the beliefs or behaviors of a group because they think the group has accurate information.

Charismatic Leadership

A style of leadership characterized by a leader's ability to inspire and motivate followers through their charm and persuasive personality.

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