Examlex
Why is time such an important determinant in the elasticity of supply? Is time also important in determining price elasticity of demand? Explain.
Deprivation
A lack or denial of something considered to be a necessity, leading to adverse effects on physical or psychological well-being.
Homeostasis
The self-regulating process by which biological systems tend to maintain stability while adjusting to conditions that are optimal for survival.
Drive
An internal urge that motivates behavior towards fulfilling a need or achieving a goal.
Motivation Theorist
An individual who studies and develops concepts explaining why people are driven to meet certain needs or pursue particular goals.
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