________ Is the Process by Which a Nation Changes Its

question 52

Multiple Choice

________ is the process by which a nation changes its fundamental economic organization and creates new free-market institutions.

• A) Central planning
• B) Economic transition
• C) Industrialization
• D) Economic liberalism

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Definitions:

Maslow's Hierarchy

Maslow's Hierarchy is a psychological theory proposed by Abraham Maslow that organizes human needs into a pyramid with five levels, from basic physiological needs to self-actualization, suggesting that higher needs become pertinent only once lower needs are satisfied.

Safety And Security

Measures and protocols put in place to ensure the physical and psychological wellbeing of individuals or groups.

Need Level

The intensity of necessity or desire for certain things in life, such as safety, love, or esteem.

Motivational Factors

Elements that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, and to exert persistent effort in attaining a goal.