Examlex
Inflation is an economic factor that measures the cost of living in an economy. Rapid rises in inflation affect marketing as they affect the prices of goods and services and also _______ the future value of savings, investments and pensions.
Intuitive Reasoning
The process of making decisions on the basis of what feels right or what is instinctively believed to be true without logical reasoning.
Symbolic Thought
The ability to use symbols, like words or images, to represent objects, actions, or ideas not physically present.
Concrete-Operational
A stage in Piaget's theory of cognitive development, typically occurring between ages 7 and 11, where children start thinking logically about concrete events.
Logical
Pertaining to a mode of reasoning or argumentation that is consistent, valid, and based on facts or established rules of reasoning.
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