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The Theory of Competitive Advantage Forms the Basis of Modern

question 5

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The theory of competitive advantage forms the basis of modern trade theory.


Definitions:

Self-actualization

The process of realizing and fulfilling one's talents and potentialities, considered as the drive for personal development.

Self-determinism

The philosophy or belief that individuals have the power to control their own destiny and make choices independent of external control.

Humanistic Theories

A psychological perspective emphasizing personal growth, self-actualization, and the inherent goodness of people.

Psychological Distress

A state of emotional suffering characterized by symptoms of depression and anxiety, often triggered by stress or significant life changes.

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