Path dependence

From Conservapedia
This is an old revision of this page, as edited by Aschlafly (Talk | contribs) at 00:49, April 22, 2007. It may differ significantly from current revision.

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

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.