Endogenous Processes
Endogenous processes refer to natural phenomena that originate from within a system, often influencing its development and changes. In geology, for example, these processes include activities like volcanism and tectonic movements, which shape the Earth's surface over time. They are driven by internal forces, such as heat from the Earth's core, leading to the formation of mountains, earthquakes, and other geological features.
In economics, endogenous processes describe factors that are influenced by the system itself, such as market dynamics and consumer behavior. These processes highlight how changes within an economy can affect supply, demand, and overall growth, emphasizing the interconnectedness of various economic elements.