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Wilhelm Wundt and Edward Titchener both believed that psychology should focus on
Military-industrial Complex
The network of government agencies, armed forces, and private industries involved in the production and supply of military materials and technology.
Regulation
The imposition of rules, laws, and guidelines by government or regulatory bodies to control or govern conduct within specific industries.
Diseconomies
Situations where economies of scale no longer function for a firm and higher production volumes lead to increased average costs.
Competitive Advantage
An edge a company has over its competitors, allowing it to generate greater sales or margins and retain more customers.
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