The American economy consists of a complex combination of organizations and variables,such as countless companies differing in size and what they market,current events,and markets such as housing.All of these independent factors often behave as a single unit based on events and economic news,and respond to the environment and affect the stock market.This is an example of ___.
A)complexity theory
B)a closed market system
C)a market web
D)contingency theory
E)behavioral theory

Question

Quizplus · Accepted Answer

The systems viewpoint has led to the development of complexity theory,the study of how order and pattern arise from very complicated,apparently chaotic systems.Complexity theory recognizes that all complex systems are networks of many interdependent parts that interact with each other according to certain simple rules.

The American Economy Consists of a Complex Combination of Organizations