Gradual Change

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August 31, 2024 4 min read Definitions
Partial Adjustment: Balancing Speed and Costs in Decision-Making
Economics Management Decision Making Adjustment Costs Uncertainty Economic Models Business Strategies Gradual Change
Partial adjustment is a process where decision-makers address discrepancies gradually, optimizing costs and minimizing risks associated with rapid changes.
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August 31, 2024 3 min read Definitions
Ripple Effect: Gradual Spreading of Impacts
Economics Social Sciences Ripple Effect Impact Spreading Sociology Economics Gradual Change
The ripple effect refers to the gradual spreading of impacts from one area to another, much like ripples expanding outward in water when a single drop is introduced.
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