Path Dependency | 60 Second Enrichment Economics
1:24
YouTubetutor2u
Path Dependency | 60 Second Enrichment Economics
Path dependency explains why past decisions can shape today’s economic choices, even when better alternatives exist. From QWERTY keyboards and Britain’s measurement systems to London’s dominance and hybrid working, history creates powerful lock-in effects. Only major shocks, such as COVID-19, can sometimes break these entrenched patterns ...
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