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According to Erikson, the first three stages of psychosocial development involve the crises of basic trust vs. mistrust, autonomy vs. shame and doubt, and initiative vs. guilt.
Oligopolistic Market
A market structure characterized by a small number of large firms controlling the majority of market share, leading to competitive yet interdependent market dynamics.
Unprofitable Products
Items or services that generate less revenue than the cost associated with producing and selling them.
Price Elasticity
An indicator of the sensitivity of the amount of a good demanded in response to its price changes.
Cost-Plus Pricing
A technique for pricing where a distinct markup is added to the unit cost of a product to establish its selling price.
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