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Use the figure below to answer the following question.
Figure 11.5.1
This figure describes the relationship between consumption expenditure and disposable income.
-Refer to Figure 11.5.1.The equation of the consumption function is
Achievement Motivation Model
A theory that explains an individual's drive to pursue and attain goals or standards of excellence.
Physiological Needs
Basic essential requirements for human survival, such as food, water, warmth, and rest, fundamental to Maslow's hierarchy of needs.
Esteem Needs
According to Abraham Maslow's hierarchy of needs, these are the fourth level of human needs, involving respect, self-esteem, status, recognition, and strength.
Affiliation Needs
A person's need to feel a sense of involvement and belonging within a social group.
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