Discuss the Values of Private Saving in Closed and Open

question 17

Essay

Discuss the values of private saving in closed and open economies.

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Definitions:

Cognitive Therapies

A group of psychotherapies that focus on changing maladaptive thinking patterns to improve emotional regulation and develop personal coping strategies.

Behavior Modification

Techniques or therapies applied to change undesirable behaviors by using the principles of learning theory.

Exposure Therapies

A technique in behavioral therapy aimed at reducing fear and anxiety responses by gradually exposing the patient to the feared object or context without any danger.

Behavior Modification

The use of empirically demonstrated behavior change techniques to improve behaviors and replace undesirable behaviors with more desirable ones.