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Economic analysis requires us to combine:
Basic Needs
Fundamental requirements that serve as the foundation for survival and motivation, often encompassing physiological, safety, love, esteem, and self-actualization needs according to Maslow's hierarchy.
Extrinsic Motivation
The drive to perform an activity due to external rewards or pressures, rather than for the sake of enjoyment or interest in the task itself.
Higher-Order Needs
Needs that go beyond basic physical requirements, such as social, esteem, and self-actualization needs, as conceptualized in Maslow's hierarchy of needs.
Intrinsic Motivation
The drive to engage in activities for their intrinsic satisfaction rather than for some separable consequence.
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