Question

What does inertia mean in economics?

Answer 1

Answer:

Explanation:In behavioral economics, inertia is the endurance of a stable state associated with inaction and the concept of status quo bias (Madrian & Shea 2001).

Answer 2

Answer:

In behavioral economics, inertia is the endurance of a stable state associated with inaction and the concept of status quo bias (Madrian & Shea 2001). In social psychology, the term inertia is sometimes also used in relation to a persistence in (or commitments to) attitudes and relationships. Jung.