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Which Concept Considers Not Only the Wants and Needs of Individual

question 106

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Which concept considers not only the wants and needs of individual consumers but also the needs of society?


Definitions:

Adaptation-level Theory

A psychological theory suggesting that individuals base their judgments of new stimuli on their past experiences and the level of adaptation they have achieved.

James-Lange Theory

A theory suggesting that emotions result from the experience of physiological reactions in the body.

Emotional Preference

An individual's inclination towards certain feelings or emotional states over others, often influencing their choices and behavior.

Two-factor Theory

A psychological theory that proposes emotion is based on two factors: physiological arousal and cognitive label.

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