Examlex
Observational learning has been used to explain why children who watch violent television tend to behave more aggressively. Research has demonstrated that watching such television shows causes an increase in violent tendencies.
Competitive Market
A market structure characterized by many buyers and sellers where no single entity has the power to significantly affect the prices of goods and services.
Product Demand Elasticity
A measure of how sensitive the quantity demanded of a product is to changes in its price.
Marginal Productivity Theory
An economic theory that explains how the value of a productive input is determined by its contribution to the total output.
Income Distribution
The way in which total income is divided among the members of a society.
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