What are the 4 main stages of the business cycle?
The four stages of the economic cycle are also referred to as the business cycle. These four stages are expansion, peak, contraction, and trough. During the expansion phase, the economy experiences relatively rapid growth, interest rates tend to be low, production increases, and inflationary pressures build.
What is Erikson’s fourth stage?
Overview. Erik Erikson’s (1950) fourth stage of development is the developmental challenge of Industry vs. Inferiority.
How are the studies of Piaget Kohlberg and Erikson similar?
Roughly speaking, these theories can be categorized as emotional, cognitive and moral. Erik Erikson developed the most common theories of emotional development. Jean Piaget developed the most common theories of cognitive development.
Which stage has the basic virtue of competence?
Stage 4
What are the similarities between Freud and Erikson theories?
Similarities between Freud and Erikson Because of this, the two theories have similarities. Both theorists recognize the importance of the unconscious on development. They also both separate development into stages of a person’s life and utilize similar age categorizations for these developmental stages.
What age is generativity vs stagnation?
Generativity versus stagnation is the seventh of eight stages of Erik Erikson’s theory of psychosocial development. This stage takes place during middle adulthood between the ages of approximately 40 and 65.
How can generativity be achieved?
Generativity: refers to “making your mark” on the world through caring for others as well as creating and accomplishing things that make the world a better place. Generativity can be achieved by developing and nurturing ideas as well as children.
What stage is trust vs mistrust?
Trust vs. mistrust [Birth-2] is the first stage in Erik Erikson’s theory of psychosocial development. This stage begins at birth and continues to approximately 18/24 months of age.