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In the Circular Flow Model of the Market System, Business's

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In the circular flow model of the market system, business's major role is to


Definitions:

Tolman

An American psychologist known for his work on latent learning and cognitive maps in rats and humans.

Reward Value

The attractiveness or worth of a reward, influencing an organism's willingness to work for it.

Learning Process

The method or way in which an individual acquires new information, skills, behaviors, or attitudes through study, experience, or teaching.

Threshold Method

A technique used in various fields, including psychology and neuroscience, to determine the point at which a stimulus is strong enough to be detected or produce a response.

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