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Disequilibrium
Disequilibrium refers to a situation in which there is an imbalance or mismatch, often used in economics to describe markets where supply does not equal demand, but also applicable in other contexts such as biology and psychology.
Rational Choice Theory
A framework that assumes individuals act based on rational calculations to maximize their benefits and minimize their losses in any given situation.
James Coleman
An influential American sociologist known for his work on educational sociology and social theory.
Contemporary Exchange
Modern-day transactions or interactions, which can be economic, social, or cultural, reflecting current practices and values.
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