Examlex
In the short run, a firm might choose to produce rather than shut down even if its market price is less than its average total cost of production.
Centration
The tendency of children in Piaget's preoperational stage to focus on one aspect of a situation while neglecting others.
Intuitive Thought
A cognitive process that involves making decisions or solving problems based on instincts, feelings, or immediate perceptions rather than conscious reasoning.
Egocentric Thought
Thinking that does not take into account the viewpoints of others.
Centration
A cognitive limitation in early childhood thinking, characterized by focusing on one aspect of a situation while neglecting others.
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