The correct answer is wisdom.
Wisdom refers to comfort, ease and skill when conducting oneself and understanding the meaning of life. Wise individuals possess strong emotional intelligence and emotional regulation, practical knowledge and the ability to make their life more worthwhile. They are generally calm, content and accepting, and they do not put pressure on themselves and others to achieve perfection.
Answer:
D. All of the above.
Explanation:
Their are many reasons why economists study the perfect competition model but we will focus on the options given and it is certified that all of them are the reason for this. Because it is used as a benchmark to compare with other market structures etc.
Firms can enter and leave the market without any restrictions , therefore, there is free entry and exit into and out of the market.
A perfectly competitive firm is known to be a price taker because the pressure of competing firms forces them to accept the prevailing equilibrium price in the market. If a firm in a perfectly competitive market raises the price of its product by so much as a penny, it will lose all of its sales to competitors.
<span>Both industries need to become more customer-focused. Though their focus on profits is understandable, the decline in profits will continue if consumers see that the product they are receiving is lackluster. People drive or take buses or trains more often than they fly because flying has become so inconvenient and expensive. People hold on to cars well past their expiration dates because cars are so expensive and car salesmen are too pushy.</span>
That statement is False.
MAslow hierarchy of needs depict a clear path which indicates that people wouldn't be able to fulfill the needs on higher hierarchy if we haven't fulfill the needs on lower hierarchy.
Here's his hierarchy's arrangement from top to bottom:
- self actualization
- Self-esteem
- Love/belonging
- safety
- Physiological
But often times, we do not follow this hierarchy from bottom to top. (for example, some obsessed individual might want to sacrifice need for love/belonging as long as she could realized her life-long dream i.e: self-actualization)
