The Theory of Surplus Labour Implied That Industrialization Could Achieve

question 85

True/False

The theory of surplus labour implied that industrialization could achieve large profits in its early stages, which could later be reinvested in technology adaptation or endogenous innovations, making economic development a self-sustaining project.

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Definitions:

Proximity

The state or condition of being close or near; in psychology, it often refers to how physically close people are to each other, which can influence relationships and social interactions.

Gestalt Psychology

A theory of mind that emphasizes the human ability to perceive patterns and wholes in complex data rather than just individual components.

Psychophysics

The branch of psychology that deals with the relationships between physical stimuli and the sensory perceptions they evoke.

Gestalt Principle

A theory in psychology that proposes the human brain sees objects in their entirety before perceiving their individual parts, emphasizing the whole perception.