Explanation:
While Eli Whitney is best remembered as the inventor of the cotton gin, he was also the father of the mass production method. In 1798, he figured out how to manufacture muskets by machine so that the parts were interchangeable. It was as a manufacturer of muskets that Whitney finally became rich. He died in 1825.
When people judge the value of an outcome and multiply it by how likely something is to happen, people are making use of the rational choice theory.
Rational choice theory can be applied to many fields such as economics, psychology, and philosophy. This theory tells that people use their own interests to make decisions that are in their best interest. Individuals consider their options and make the choices they believe will work best for them.
How individuals determine what works best for them is a matter of personal preference. Rational choice theory in social interaction clarifies why people enter and exit individual and group relationships.
Rational choice theory states that individuals are in control of their decisions. They do not make decisions based on unconscious impulses, traditions, or environmental influences. They use rational reasoning to weigh outcomes and potential benefits.
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<span>While there are people suffering from hunger in all parts of the world, certain regions have higher rates of chronic hunger than others. The regions with the highest rates of chronic hunger are Sub-Saharan Africa, the Caribbean, Southern Asia, Southeastern Asia, and Western Asia. In Sub Saharan Africa, 22.7 percent of the population is suffering from chronic hunger - a staggering amount.</span>
