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What Is the Relation Between Value Creation and Transactions Cost

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What is the relation between value creation and transactions cost?


Definitions:

Physiological Functioning

Refers to the normal operation of physical and biological processes in living organisms.

Drive-Reduction Theory

A concept in psychology that explains motivation as a mechanism to reduce an internal state of tension caused by unmet needs.

Drives

Basic, biological impulses that motivate behavior, such as hunger or thirst, pushing organisms to fulfill their needs.

Sensation Seeker

An individual who seeks novel, complex, and intense experiences and sensations, often taking physical and social risks to achieve these experiences.

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