ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Delayed gratification is waiting until you know you have the money for something before you purchase it.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -delay of gratification, the act of resisting an impulse to take an immediately available reward in the hope of obtaining a more-valued reward in the future.

Detailed explanation-2: -3 examples of delayed gratification However, proper nutrition is a greater reward that takes a long time to achieve. Instead of feeling gratification eating or overeating delicious yet unhealthy foods all the time, you get to feel the gratification of being healthier.

Detailed explanation-3: -According to Freud, the pleasure principle is the driving force guiding the id, the most basic part of ourselves. Freud compared the pleasure principle to the concept of the reality principle, which explains the ability to delay gratification when a situation doesn’t call for immediate gratification.

There is 1 question to complete.