Development That Occurs in Distinct Steps or Stages,with Each Stage

question 151

Multiple Choice

Development that occurs in distinct steps or stages,with each stage bringing about behavior that is assumed to be qualitatively different from behavior at earlier stages is called _________ change.

• A)discontinuous
• B)continuous
• C)critical
• D)natural

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Definitions:

Wealth Transfer

The movement of assets or capital from one individual, group, or entity to another, either voluntarily through gifts and inheritance or involuntarily through taxes or levies.

Younger Generations

Refers to the more recent cohorts of society, typically contrasted with older ones, focusing on their characteristics, cultures, and challenges.

Older Generations

The more senior population segments, often considered as having traditional values and significant life experience.

Saving Rate

The proportion of income that is not spent on consumption but rather saved or invested.