Examlex
If an industry consists of five firms each with a 20% market share, then the Herfindahl-Hirschman index would equal 1,600.
Dynamic Concept
A notion or idea that is subject to change and capable of evolution or development over time.
Fully Functioning Person
A term used by Carl Rogers to describe an individual who is living optimally with self-awareness and authenticity, open to experience, and continually growing.
Optimal Level
The most favorable or efficient degree or state of something for achieving a specific outcome or purpose.
Inner Value System
A personal set of ethics, morals, and values that guide an individual's behavior and decision-making.
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