Examlex

Solved

Which Sociological Concept Refers to a Number of Weak Social

question 110

Multiple Choice

Which sociological concept refers to a number of weak social ties among people who have little common identity and little interaction?


Definitions:

Monopolistically Competitive

A scenario where numerous companies compete in the same industry by offering slightly unique products or services, giving consumers choices.

Elastic

Describes a situation in economics where the quantity demanded or supplied of a good changes significantly as its price changes.

Industry Entry

The process by which a new competitor enters an existing market, often influenced by barriers to entry and initial costs.

Price Elasticity

A measure of how much the demand for a product changes in response to a change in price, indicating the sensitivity of consumers to price changes.

Related Questions