Examlex
Which of the following is a method which can be used for estimation in simultaneous equations models?
Technological Determinism
The theory that technology shapes and determines the development of human social structure and cultural values.
Normal Accidents
The concept that in complex systems, accidents are unavoidable and inherent due to the intricate interactions and dependencies of system components.
Capital Investment
Money spent by a business entity to acquire or upgrade physical assets such as property, industrial buildings, or equipment to increase its long-term revenue.
Technical Experts
Individuals possessing specialized knowledge or skills in a specific field or technology, often consulted for their expertise.
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