ECON 6332
West Texas A&M State University
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West Texas A&M UniversityECON 6332Econ 6332 Week 2.
- Exam (elaborations) • 18 pages • 2021
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1.	What	is	“Path	Dependence?” 
is	a	thought	that	tries	to	clarify	the	proceeded	with	utilization	of	an	item	or	practice	in	 
view	of	verifiable	inclination	or	utilize.	This	remains	constant	regardless	of	the	possibility	 
that	more	up	to	date,	more	effective	items	or	practices	are	accessible	because	of	the	 
past	responsibility	made.	Way	reliance	happens	in	light	of	the	fact	that	it	is	frequently	 
less	demanding	or	more	financially	savvy	to	just	proceed	with	an	officially	set	way	than	 
to	...
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