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In the democratic managerial style, subordinates are asked to vote on which alternative is the best, with the alternative getting the most votes being the one that is selected.
Neoliberalism
An ideology and policy model emphasizing free-market capitalism, deregulation, and reduction in government spending.
Global Economy
An interconnected world economic system in which goods, services, and labor move across national boundaries with minimal restriction.
Economic Heterogeneity
The existence of variations in economic attributes among individuals, groups, regions, or countries, leading to differences in wealth, income, and economic opportunities.
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of the world's economies, cultures, and populations.
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