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Research Methodology in Applied Economics Research Methodology in Applied Economics by Don E. Ethridge
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“... we can define concept as a logical, mental construction of one or more relationships. [...] It is purely mental, is logical, and can be described; it has been reasoned through sufficiently and presented with clarity. As such, a concept is inherently abstract (takes some things as given or assumed)”
Don E. Ethridge, Research Methodology in Applied Economics