Returning to an Earlier School of Thought That People Make

question 19

Short Answer

Returning to an earlier school of thought that people make rational choices has resulted in criminologists describing many of the new theory approaches as ___________.

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Definitions:

Firms

Business entities or organizations engaged in commercial, industrial, or professional activities, either for profit or non-profit.

Market

Any structure that allows buyers and sellers to exchange types of goods, services, and information.

Factor Market

This refers to markets where services of the factors of production (not the actual products) such as labor, capital, and land are bought and sold.

Resources

Inputs used in the production of goods and services, including labor, capital, land, and technology.