Term of the Day Social Darwinism

Term of the Day

Social Darwinism

Theory of social selection that attempts to explain the success of certain social groups. Based on the laissez faire doctrine with heavily racial bias, it interprets ‘survival of the fittest‘ concept to mean that only the best adapted (those already well off) survive the ‘natural conflict’ between social groups and thereby enhance the survival capacity of the remaining society. Popular in the 19th and 20th century Europe and USA and embraced by the Nazis, it has nothing to do with the English naturalist Charles Darwin (1809-82) or his theory of natural selection, and precedes the publication of his book ‘Origin Of Species.’
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Usage Example
Social Darwinism applies Darwin’s theory of natural selection and survival of the fittest to help explain why some social groups are more successful and powerful than others.
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Term of the Day service


Term of the Day

service

A type of economic activity that is intangible, is not stored and does not resultin ownership. A service is consumed at the point of sale. Services are one of the two key components of economics, the other being goods. Examples of services include the transfer of goods, such as the postal service delivering mail, and the use of expertise or experience, such as a person visiting adoctor.
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Usage Example
Successful marketing methods will turn a customer’s needs into a desire for your product or service.