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Comprehend Jean Piaget's stages of cognitive development and their characteristics.

Identify and understand the new phase in lifespan development called emerging adulthood and its causes.

Recognize the significant impact of culture and environmental interaction on development as per Vygotsky's theory.

Distinguish between different parenting styles and their implications on child development.

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Definitions:

Gross Investment

The total amount of money spent on capital goods, or assets that will provide productive capacity for the future, without deducting for depreciation.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value over time.

Capital Stock

The total value of all physical assets owned by a company that are used in producing goods and services.

Interest Rate

The percentage charged or paid for the use of money, typically expressed as an annual rate on loans or earned on deposits.