Examlex
Users of financial statements can generally be broken down into which of the following two categories:
Nomothetic Laws
General principles or laws that apply to a wide range of individuals or phenomena, often used in psychology to identify universal traits or behaviors.
Idiographic Laws
Principles or laws that explain the unique, individual characteristics that distinguish one person from another, as opposed to nomothetic laws which seek universal principles applicable to all.
Idiographic Approach
The idiographic approach is a method in psychological study focusing on the unique characteristics and experiences of an individual to understand their behavior.
Nomothetic
An approach in psychology that seeks to produce general statements and universal laws of behavior through the study of large groups.
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