Only take empirical data into account.
<h3>Does supporting the military help or hinder the economy?</h3>
Although military spending had a negative economic impact in non-OECD nations as well, this impact was much more pronounced in OECD nations. There is a widespread belief that a conflict or even more military spending will strengthen a country's economy.
<h3>What is contained in data on military spending?</h3>
The information comprises government spending on the existing armed forces and their operations, including wages, benefits, operational costs, acquisitions of weapons and equipment, military construction, research and development, central administration, and command and support.
<h3>Is there a private answer to the military budget?</h3>
One area where there is no private option is military spending. No single business or group of citizens is driven and reliable enough to assume financial responsibility for a country's military maintenance. Spending money on defense diverts funds away from other public services.
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An r&d program by one firm cannot replicate a successful technology developed by another firm. this is an example of Path dependency.
What is the meaning of path dependency?
Path dependence is the propensity for institutions or technologies to stick with a particular course of development as a result of their structural characteristics or their core values.
What are some examples of path dependence?
- Path dependency can also be the result of an unwillingness or inability to commit to change due to the costs involved.
- A town centered on a factory is a prime illustration of path dependence.
- For a variety of reasons, it is ideal for a factory to be situated away from residential areas.
What is path dependent risk?
Path-dependent risks occur when choosing the incorrect course would result in significant time, financial, or both losses.
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<span>Interactionist perspective
Interactionism is a theoretical perspective that derives social processes such as conflict, cooperation, identity information from human interaction. It is the study of how individuals shape society through meaning that arises in interactions.</span>
This was so that the people had a chance to make their choice of representatives more often.
Explanation:
The House of Representative is made out of the direct representatives of the people.
They are the ones who can be in direct contact with the voter base of the region they are elected from so in a way they are the most integral part of the ground level democracy of the region.
This means that more frequently the elections happen for that, the easier it is for the people to exercise their right to vote and to chose their ideal candidate.