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The main examples of macroeconomic coordination failures are
Alderfer
Psychologist Clayton Alderfer developed the ERG theory, which outlines three core needs: Existence, Relatedness, and Growth, as motivation drivers.
Maslow
Refers to Abraham Maslow, an American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority.
Growth Needs
Refers to the intrinsic desire for personal development, achievement, and self-actualization beyond basic material or survival needs.
Physiological Needs
The basic physical requirements for human survival, such as air, water, food, shelter, and sleep, which must be met to pursue higher-level needs.
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Q205: The main examples of macroeconomic coordination failures