The American economy consists of a complex combination of organizations and variables, such as countless companies differing in size and what they sell, current events, and markets (for example, the housing market and the stock market). According to ________, all of these independent factors interact with one another according to certain simple rules.
A) complexity theory
B) a closed market system
C) a webbed system
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 one another according to certain simple rules.

The American Economy Consists of a Complex Combination of Organizations