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In 2005, the New York Stock Exchange Made a Smart

question 321

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In 2005, the New York Stock Exchange made a smart move to increase its competitive position, it merged with a firm that owned state of the art electronic trading technology.


Definitions:

Sui Generis

A Latin expression meaning "of its own kind" or "unique in its characteristics," often used to describe something that is in a class by itself.

Social Theorist

A scholar who develops frameworks and theories to analyze and explain social phenomena and behaviors.

Marx

A reference to Karl Marx, a 19th-century philosopher, economist, and sociologist whose works primarily focus on capitalism, class struggles, and social change through revolution.

Functionalism

A theory in sociology and anthropology that interprets society as a structure with interdependent parts designed to serve specific functions for the overall stability and continuity.

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