What is cognitive dissonance?

Cognitive dissonance is the uncomfortable feeling people experience when they have conflicting ideas about what they should do, compared to the actions or behaviors they take in reality.

Explain: supply side economics vs. demand side economics (basics)

Supply side economics is a school of belief that follows the ideal that supply creates its own demand, therefore if one wants to effect the supply and demand curve action should be taken on the amount of supply that is available to the consumers. Demand side economics is a school of belief that follows the ideal that demand creates its own supply, therefore if one wants to effect the supply and demand curve action should be taken on the consumers and their purchasing capacity.

Define leadership as it pertains to management.

Leadership is a quality found within the best managers. It is not something that is demanded but rather cultivated through the manager's relationship with his or her subordinates. Some qualities of a good leader are as follows: someone who is respectful and respected, who motivates and encourages his or her followers, someone who is looked up to, who engages in teamwork, effectiveness, fairness, discipline, ect.