Compare Social Interactions in a Small Town with Those of Larger

question 38

Essay

Compare social interactions in a small town with those of larger cities. Include in your answer a description of how social control is achieved in each.

---

Definitions:

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs.

Price

The amount of money expected, required, or given in payment for something.

TVC

Total Variable Cost (TVC) refers to the sum of all costs that vary with the level of output or production in a company.

Maximizing Profits

The process of optimizing the difference between revenue and costs to achieve the highest possible profit.