Answer:
The Hawthorne Effect
Explanation:
The Hawthorne effect (also referred to as the observer effect) explains that individuals modify an aspect of their behavior in response to their knowledge of being observed. In this study students changed their eating place during the observation period.
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This is an example of parent's effect on their child's behavior. Parents greatly affect their children’s behavior. Children are like sponges--they model everything a parent does and incorporate what they see into their own lives. It is important that parents set the right examples for their children. Negative examples can be detrimental to a child’s development and can lead to bad behavior.
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A free market economy is characterized by the following:
Private ownership of resources. ...
Thriving financial markets. ...
Freedom to participate. ...
Freedom to innovate. ...
Customers drive choices. ...
Dangers of profit motives. ...
Market failures.
