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Modigliani and Miller (M&M) Proposition I states:
Anomie
A state of normlessness within a society or group, where there is a breakdown or absence of social norms and values, often leading to social instability.
Breakdown Theory
A sociological theory that suggests social breakdowns, like riots or vandalism, occur when traditional social controls and institutions fail.
Economic Deprivation
Refers to a state where individuals or groups lack the financial resources and essentials for a minimum standard of living.
Labelling
The process of categorizing individuals or groups based on attributes, often leading to stereotyping or stigmatization.
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