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Explanation 1

The document outlines various theories across different fields, including economic, social, psychological, crop production, opportunity, and resource-based entrepreneurship theories. Each theory provides insights into its respective domain, such as market dynamics, social interactions, human behavior, agricultural practices, and the role of resources in business. These theories serve as foundational concepts for understanding and analyzing complex systems and behaviors in their respective areas.

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Myca Hernandez
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22 views2 pages

Explanation 1

The document outlines various theories across different fields, including economic, social, psychological, crop production, opportunity, and resource-based entrepreneurship theories. Each theory provides insights into its respective domain, such as market dynamics, social interactions, human behavior, agricultural practices, and the role of resources in business. These theories serve as foundational concepts for understanding and analyzing complex systems and behaviors in their respective areas.

Uploaded by

Myca Hernandez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Myca M.

Hernandez
BEED3

1. Economic Theories-
To describe how economies function, a broad range of concepts and
ideas are included in economic theory. It covers ideas including supply and
demand, price, market dynamics, resource distribution, and the function of
government in the economy. Economic theories frequently serve as the
foundation for macro and microeconomic policies and decision-making. For
example this theories are producing, supplying, buying, and selling of goods
and services.

2. Social Theory-
It is the study of society and how individuals interact within it. It includes a
wide range of concepts and viewpoints, such as theories from sociology,
anthropology, and psychology that aim to comprehend social structures,
organizations, and behaviors. Social theories frequently examine issues
including social inequality, power dynamics, cultural norms, and the effects of
technology on society. They offer conceptual models for the analysis and
interpretation of social phenomena.

3. Psychological Theory-

To comprehend human behavior, cognition, emotions, and growth,

psychological theory includes a broad range of concepts and frameworks.

Theories such as behaviorism, cognitive psychology, psychoanalysis, social

psychology, and humanistic psychology are all included. These theories aid in

the explanation of how people interact with one another, view the world, and

change over time. They also shed light on motivation, personality, and mental

well-being.

4. Crop Production Theory-

The concepts and methods associated with cultivating crops are included in

crop production theory. This entails comprehending elements such as crop

rotation, irrigation, soil fertility, insect control, and how climate affects plant

growth. Concepts such as crop variety selection, planting methods, and


fertilizer use are also covered in the theory. It serves as the cornerstone of

both contemporary and sustainable farming techniques.

5. Opportunity Theory-

It is frequently connected to entrepreneurship and professional advancement,

may be what you are referring to. According to this idea, individuals are more

likely to pursue professional or entrepreneurial opportunities when they

perceive a positive balance between potential rewards and perceived costs

and risks. Opportunity theory also considers the influence of social and

environmental factors on opportunity identification and pursuit.

Resource-Based Entrepreneurship Theories-

It concentrates on the function of resources in business ventures. To create

and maintain successful businesses, these theories emphasize the

importance to locate, obtain, and utilize resources, such as knowledge,

financial capital, social networks, and human capital. The theories also

explore how business owners can leverage their unique combination of

resources to gain a competitive edge and add value to the market.

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