Define Transformational Leadership

question 164

Essay

Define transformational leadership.

Recognize the role of powerful groups in shaping laws and norms.

Understand the concept of psychosexual stages according to Freud.

Identify the characteristics and outcomes of specific psychosexual stages (oral, anal, phallic, latency, genital).

Recognize Freud's defense mechanisms and their role in personality development.

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Definitions:

Trade Balance

The value of a nation’s exports minus the value of its imports; also called net exports.

Capital Flight

The large-scale exodus of financial assets and capital from a country due to economic instability or unfavorable policies, leading to a decrease in investment and economic growth.

Real Exchange Rate

The rate at which the goods and services of one country can be exchanged for those of another, adjusted for inflation.

National Saving

The total amount of savings generated within a country, typically calculated as the sum of private and public savings after accounting for investments and budget deficits.