Examlex
Compound interest refers to the multiple interest rates an investor will be paid in a diversified portfolio.
Assimilation
The process by which individuals incorporate new information into existing schemas or frameworks of understanding.
Concrete Operational Stage
A stage in Piaget's theory of cognitive development, where children aged about 7 to 12 years can think logically about concrete events.
Decentering Stage
A cognitive development stage in which children start to understand perspectives and feelings of others, moving beyond self-centered thought.
Abstract Operational Stage
A stage of cognitive development in Jean Piaget's theory, typically occurring from around age 12 and up, when individuals gain the ability to think abstractly and logically.
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