Examlex
If net exports are negative, spending by households, firms, and government must be greater than the income people earn in producing GDP.
Piagetian Concept
A theory or idea proposed by Jean Piaget, relating to the cognitive development of children, encompassing aspects such as schema, stages of development, and cognitive processes.
Egocentric Thought
A cognitive stance where an individual is unable to differentiate between their own perspective and that of others, common in early childhood development.
Concrete Operational Thought
A stage in Jean Piaget's theory of cognitive development where children aged 7 to 11 years start to understand logical operations and are no longer fooled by appearances.
Logical Operations
The mental processes involved in reasoning and understanding complex concepts through logical thought.
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