Explain What Is Meant by Conformity

question 46

Essay

Explain what is meant by conformity.Discuss two reasons why people might conform to the opinion of a majority.

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Definitions:

Price Leadership

A strategy where the dominant firm in a market sets the price of goods or services, and other competitors in the market follow suit.

Automobiles

Motor vehicles designed for transporting passengers on roads.

Oil

A natural fossil fuel used primarily for energy production and as a raw material in manufacturing.

Banking

The business activity of accepting and safeguarding money owned by individuals and entities, and then lending out this money to earn a profit.