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Describe the characteristics of a competitive industry.
Observation
The active acquisition of information from a primary source.
Empiricism
A philosophy that states knowledge comes primarily from sensory experience.
Behaviourism
A theory of learning which states that all behaviors are acquired through conditioning processes influenced by the environment, without the need for thoughts or feelings.
Psychoanalysis
A therapeutic technique and theory of psychology developed by Sigmund Freud, focusing on unconscious motivations and conflicts as they influence behavior.
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