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Assume a company buys a machine worth $1 million and pays for it by borrowing the funds from a bank.The firm's assets will rise by $1 million and its liabilities will decrease by $1 million.
Alfred Adler
An Austrian medical doctor and psychotherapist who founded the school of individual psychology and introduced concepts such as the inferiority complex.
Style of Life
A concept introduced by Alfred Adler, referring to an individual's unique way of achieving superiority and managing lifestyle tasks.
Social Interest
A concept in psychology that refers to an individual's attitude towards and level of engagement with their community and society at large.
Alfred Adler
An Austrian medical doctor and psychotherapist who is best known for his theories on the importance of feelings of inferiority and the development of lifestyle.
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