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What Is an 'Open Economy

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What is an 'open economy'?


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Needs-Oriented Reasoning

A decision-making process focusing on fulfilling the needs of individuals or groups.

Freud

Sigmund Freud, an Austrian neurologist who founded the discipline of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Psychoanalytic Theory

A theory of personality development, created by Sigmund Freud, that emphasizes unconscious processes, childhood experiences, and defense mechanisms in shaping behavior and mental states.

Moral Development

Refers to the process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, laws, and personal beliefs.

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