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Because Wants Are Virtually Unlimited, Potential Demand Is Greater Than

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Because wants are virtually unlimited, potential demand is greater than supply.


Definitions:

Amniotic Fluid

A clear, slightly yellowish liquid that surrounds the fetus during pregnancy, providing it with protection and essential nutrients.

Breast Milk

The milk produced by the mammary glands of human females, which contains essential nutrients and antibodies for the infant.

Piaget's Theory

A comprehensive theory of cognitive development proposed by Jean Piaget, which outlines how children progress through distinct stages of intellectual growth.

Intellectual Development

The growth and change in an individual’s cognitive abilities and capacities throughout the lifespan, including thinking, problem-solving, and decision-making skills.

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