Difference between revisions of "Path dependence"

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Path dependence is an economic condition in which the outcome of a sequence of economic changes depends on events remote in time from each other, especially when those events are heavily influenced by chance.
 
Path dependence is an economic condition in which the outcome of a sequence of economic changes depends on events remote in time from each other, especially when those events are heavily influenced by chance.
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[[category:economics]]

Revision as of 22:30, July 23, 2007

Path dependence is an economic condition in which the outcome of a sequence of economic changes depends on events remote in time from each other, especially when those events are heavily influenced by chance.