Markets Constantly Change; They Are Not Static but Evolve, Expand

question 80

True/False

Markets constantly change; they are not static but evolve, expand, and contract in response to marketing effort, economic conditions, and other cultural influences.

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Definitions:

Convergence Theory

A theory in sociology that suggests societies worldwide are becoming more similar over time due to advances in communication, technology, and economic globalization.

Collective Action Theory

A theory that examines how individuals work together to achieve shared objectives, often in pursuit of public goods or to address collective problems.

Emergent Norm Theory

Emergent Norm Theory is a sociological theory that explains how new social norms can emerge spontaneously in crowds or groups, influencing members' behavior during events like riots or disasters.

Contagion Theory

A social theory that suggests ideas, attitudes, and behaviors can spread through populations as if they were infectious diseases.