52 posts

Arrow's Impossibility Theorem

Arrow’s Impossibility Theorem: Definition – Explanation – Example

What is Arrow’s Impossibility Theorem? Arrow’s Impossibility Theorem asserts that a clear order of preferences is impossible to determine while adhering to mandatory fair voting procedures. In other words, the Theorem states that converting individuals’ preferences from a fair ranked-voting election system cannot yield clear community-wide ranked preferences. The theorem […]

Blue Collar Meaning

Blue Collar Meaning – What Is a Blue Collar Worker?

Blue Collar Meaning – What Is a Blue Collar Worker? Blue-collar meaning: a working-class person who performs manual labor involving skilled or unskilled tasks considered lower or middle class. Blue-collar workers are more typically employed in non-office settings.  For example, construction sites, production lines, and driving vehicles and equipment. As […]