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Eight-Year-Old Lucas Is Shown a Ball of Brown Clay,which Is

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Eight-year-old Lucas is shown a ball of brown clay,which is then rolled out into a large,flat disk.He is asked whether the disk contains the same amount of clay."It's the same amount," Lucas says,"because I could just make it into a ball again." In Piaget's terminology,Lucas understands the principle of


Definitions:

Price Control

Government-imposed limits on the prices that can be charged for goods and services in the market, to protect consumers and prevent market abuse.

Legal Restriction

A regulatory measure that limits or controls certain actions within a legal framework.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Rent Controls

Government-imposed limits on the amount landlords can charge for renting out their property to ensure affordable housing for tenants.

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