Research Suggests That There Are Different Types of Psychological Factors

question 16

Essay

Research suggests that there are different types of psychological factors that arouse individuals to act towards meeting a desired goal. Psychologists distinguish between intrinsic and extrinsic motivations. Define intrinsic and extrinsic motivation and give an example of each type of motivation in the context of reading a book.

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Definitions:

Stagflation

A condition of slow economic growth and relatively high unemployment – a period of stagnation – accompanied by rising prices (inflation).

High Unemployment Rates

A condition where a significant portion of a workforce is not employed but is actively seeking work, reflecting economic downturns or structural changes in the economy.

High Inflation Rates

A situation characterized by a rapid and excessive rise in the general price level of goods and services in an economy over a period of time.

Economy Growth

An increase in the economic output and productivity of a country, often measured by its gross domestic product (GDP) over time.