Who Are the Three Distinct Types of Participants in a Market

question 139

Essay

Who are the three distinct types of participants in a market? Briefly describe the role of each group of participants.

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Definitions:

Emotionality

The observable behavioral and physiological component of emotion; refers to a person's intensity and frequency of emotional expressions.

McCrae and Costa

Researchers known for the Five Factor Model of personality, which identifies five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Neuroticism

A personality trait characterized by long-term tendencies to experience negative emotional states such as anxiety, anger, or depression.

Deference

The respectful submission or yielding to the judgment, opinion, or wishes of another.