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Consider the Solow model reflecting technical change.This model assumes that technical change occurs
Coercive Power
A form of power that is exerted through the use of threats, punishment, or force to influence others to comply with demands or orders.
Legitimate Power
A type of power that is recognized and accepted by the society or organization in which it operates, often derived from a formal position or role.
Tacit Power
Unspoken, yet understood authority or influence that individuals or groups may hold, often derived from social positions or relationships.
Legal-Rational Authority
Is typical of modern societies. It derives from respect for the law. Laws specify how a person can achieve office. People generally believe laws are rational. If someone achieves office by following laws, people respect his or her authority.
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