Describe the Different Types of Internal Shocks to an Economy

question 20

Essay

Describe the different types of internal shocks to an economy.

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Definitions:

McClelland's Model

A psychological theory which states that the needs for achievement, power, and affiliation significantly influence human motivation and behavior.

Achievement Motive

refers to an individual's persistent effort and determination to reach goals and excel in tasks.

Standards Of Excellence

Criteria or benchmarks used to measure the quality or performance level of a product, service, or activity.

Self-Actualization

The realization or fulfillment of one's talents and potentials, considered as a drive or need present in everyone.