Final answer:
Stage 4 in Erikson's psychosocial development is 'industry versus inferiority', focusing on developing pride in accomplishments during childhood. However, the question describes the eighth stage, 'integrity versus despair', which occurs in late adulthood and involves reflecting on life achievements.
Step-by-step explanation:
The question refers to Erik Erikson's theory of psychosocial development which comprises eight stages. However, there seems to be a misunderstanding in the question itself, as it refers to 'Stage 4 of Erikson's psychosocial development', and then describes the characteristics of the final stage, known as 'integrity versus despair', which is actually the eighth stage. The fourth stage in Erikson's theory is 'industry versus inferiority' and typically occurs from about age 6 to 11, where the primary focus is on developing a sense of pride in accomplishments and abilities through social interactions and school activities. Conversely, the eighth stage, 'integrity versus despair', occurs in late adulthood when individuals reflect on their life and achievements.
Stage 4, 'industry versus inferiority', involves mastering the tasks that are considered important during childhood, like completing schoolwork and participating in extra-curricular activities. Success in this stage leads to a sense of competence, while failure results in feelings of inferiority. On the other hand, the eighth stage, 'integrity versus despair', tackles challenges relevant to late adulthood, where the individuals contend with reflecting on their life. Achieving integrity signifies satisfaction with the life led, while failing at this stage results in regret and despair.