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Social axioms act as a practical guide to human conduct in everyday life. They function in at least four ways. "They facilitate the attainment of important goals (instrumental), help people protect their self-worth (ego-defensive), serve as a manifestation of people's values (value-expressive), and help people understand the world (knowledge)."
For example, a dispositionist might explain bankruptcy as the largely self-inflicted result of personal laziness and/or imprudence. Situationists , in contrast, view bankruptcy as frequently caused by more complicated external forces, such as divorce or the medical and other costs of unanticipated illness.
Quality of working life (QWL) describes a person's broader employment-related experience.Various authors and researchers have proposed models of quality of working life – also referred to as quality of worklife – which include a wide range of factors, sometimes classified as "motivator factors" which if present can make the job experience a positive one, and "hygiene factors" which if ...
Average annual hours actually worked per worker in OECD countries from 1970 to 2020 Deaths due to long working hours per 100,000 people (15+), joint study conducted by World Health Organization and International Labour Organization in 2016. In the intersection of work and personal life, the work–life balance is the equilibrium between the two ...
Real world applications of this theory can be observed amongst children and adults. With children and their motivation to comply with rules, the concept of insufficient justification should serve as a resource for parents, teachers, and those who are in positions of authority. Presented with strong external rewards, strong external punishment ...
The price you pay for a bond may be different from its face value, and will change over the life of the bond, depending on factors like the bond’s time to maturity and the interest rate environment.
For example, a five-year loan of $1,000 with simple interest of 5 percent per year would require $1,250 over the life of the loan ($1,000 principal and $250 in interest).
Chapter 10 introduces the famous 'multiplier' through an example: if the marginal propensity to consume is 90%, then 'the multiplier k is 10; and the total employment caused by (e.g.) increased public works will be ten times the employment caused by the public works themselves' (pp. 116f). Formally Keynes writes the multiplier as k=1/S'(Y).