Examlex
Explain what is meant by deferred imitation, and outline how this ability develops between nine to 24 months of age.
Observable
A characteristic or phenomenon that can be seen, measured, or otherwise detected through empirical methods.
Self-interest
The pursuit of individual advantage or profit, often regarded as a basic economic driving force.
Adam Smith
An 18th-century Scottish economist and philosopher, often considered the father of modern economics, best known for his theory of the invisible hand guiding free markets.
Competitive Markets
Markets where numerous producers and consumers interact, leading to price determination by supply and demand forces.
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