Raja is using the "Life-course" perspective.
The life course perspective which is also
known as life course theory or for short LCT, alludes to perspective
including multidisciplinary views to comprehend the psychological, material and
social health of people.
Innovation can be simply defined as a "new idea, creative thoughts, new imaginations in form of device or method". However, innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. Such innovation takes place through the provision of more-effective products, processes, services, technologies, or business models that are made available to markets, governments and society. The term "innovation" can be defined as something original and more effective and, as a consequence, new, that "breaks into" the market or society. Innovations tend to be produced by outsiders and founders in startups, rather than existing organizations. Innovation is related to, but not the same as, invention, as innovation is more apt to involve the practical implementation of an invention (i.e. new/improved ability) to make a meaningful impact in the market or society, and not all innovations require an invention.
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The correct answer to this open question is the following.
Although there are no options attached we can say the following.
A Free Market System and Centrally Planned System impact consumers and producers differently in that in the Free Market System, it is the supply and demand, the factors that decide the price of goods and services. On the other hand, in a Centrally Planned system, it is the intervention of the state -the government- which decides the price of the goods and services in a fixed way.
In total opposition to a free-market economy where individuals promote capitalist ideas to invest money and create companies to be rich, in a central system or command economy is the state the one that owns the means of production. The central government decides the kind of products to be produced, the price of the products, how to produce the goods, and the amount that is going to be produced.
Answer:
option E.
Explanation:
The correct answer is option E.
Consumer confidence is lowest when the consumer is depressed. The cause of consumer depression can slow down of the market, loss of money, etc.
When the consumer gets depressed this is the lowest point because the faith of consumers on the market gets depleted which leads to a decrease in further investment.
Prosperity and recovery can never be the lowest point of consumer confidence.
Slowdown and Recession can affect consumer confidence but Consumer confidence is lowest when the consumer is in depression.
Change from nomadic herding to settled farming
