In developing countries they produce less GDP/capita income then developed ones. Developed countries have wider sectors with effective facilities whereas they are not as variety of sectors in economy on developing countries. Developed countries have high life expectancy than developing ones and standards of living is high in developed countries.
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I assume you wish to know about James Marcia's identity development statuses in his identity status interview research
Answer and Explanation:
James Marcia notes four unique identity developmental statuses faced by individuals:
Forclosure: is status of individuals who do not explore alternatives and merely make commitments such as based on what their parents want
identity diffusion: is the status of individuals who have not considered the need to search for an identity and therefore have no commitments or tried to explore any alternatives. These individuals are known to face no identity crisis and no anxiety problems as they have not gone into identity development
Moratorium: individuals here are in an identity crisis as they have began to explore alternatives and commitments are more or less defined. These individuals face anxiety as search for identity.
Identity achievement: here individuals have been able to find identity and have made commitments after having faced the previous stages and now have an internal definition of identity.
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From the graph we can analyse that the economy is in equilibrium.
Explanation:
The horizontal part of the graph represents quantity and the vertical part of the graph represents price . The downward slopping graph is known as demand curve and the uprising graph is known as the supply curve . In the present scenario the economy is in equilibrium as the demand curve and the supply curve intersect each other.
But in the future suppose the price of goods rises then the consumers will have to reduce the consumption that is a scenario of inflation will take place and the consumers will demand less. On the other hand if the price falls the consumer will demand more a scenario of deflation will occur . In case of inflation as well as deflation economic growth will be hampered but in the equilibrium position the economic growth will take place.
