symbolic interactionism. (noun) The theory that society is possible because of the shared meanings and social patterns created during social interactions. Audio Pronunciation: (symÂ·boÂ·lic inÂ·terÂ·actÂ·ionÂ·ism) Download Audio Pronunciation: symbolic interactionism.mp3. Usage Notes: Herbert Blumer (1900â1986) is credited with coining the term.
A trade bloc is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where regional barriers to trade, (tariffs and non-tariff barriers) are reduced or eliminated among the participating states. Contents.urges of trade bloc formation were seen in the 1960s and 1970s, as well as in the 1990s after the collapse of Communism.
Definition of Trade-offs. â¢ Trade-offs exist if components of a system are. competing with or exclusive of each other. In this sense. trade-off decisions are contrary to win-win situations â. here we have a win-lose situation. It implies a decision to. be made with full comprehension of both the upside and. downside of a particular choice. â¢ In economics, trade-offs are mostly discussed in the. context of the opportunity to realize different political or. even societal objectives â to realize the different benefits. of user groups.