The Social Thinker Whose Ideas Most Supported the Operation of a Free-Market

question 2

Multiple Choice

The social thinker whose ideas most supported the operation of a free-market economy was

• A)Thorstein Veblen.
• B)Adam Smith.
• C)Karl Marx.
• D)Max Weber.

Understand the impact of political and social contexts on scientific knowledge and education funding.

Identify the concepts of paradigm shifts and their significance in the history of science.

Analyze the interplay between science and religion from sociological perspectives.

Understand the concept of stress in relationships, including stress spillover and crossover effects.

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Definitions:

POS Data

Information captured at the Point of Sale, tracking the details of transactions, customer behavior, and product performance.

Bullwhip Effect

The phenomenon where small variations in demand at the retail level cause progressively larger fluctuations in demand up the supply chain.

Information Sharing

The exchange of data, facts, ideas, and insights between individuals or organizations, aimed at improving understanding, efficiency, and collaborative efforts.

Fluctuation

Describes variations or changes in a metric or condition over time, such as price, demand, or supply levels.