Examlex
In economics, all the items that people would consume if they had unlimited income are known as
Perception
The process of organizing and interpreting sensory information to give it meaning.
Decision
The act of making a choice among available alternatives.
Experiential System
A processing mechanism in the brain that is intuitive, automatic, and based on experiences, as opposed to analytical reasoning.
Cognitive System
encompasses the mental processes involved in perception, memory, judgment, and reasoning.
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