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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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.