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One of the Important Factors to Consider When Evaluating the Usefulness

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One of the important factors to consider when evaluating the usefulness of a theory is whether the theory stimulates the discovery of new knowledge.


Definitions:

Government

The system or group of people governing an organized community, often a state, setting and administering public policy and exercising executive, political, and sovereign power through customs, institutions, and laws within a country.

Financial

Financial pertains to matters related to money, finance, or the economic resources of management, investment, and expenditure.

Statutory Laws

Laws enacted by a legislative body, such as Congress or parliament, that must be followed by citizens in the jurisdictions where they apply.

Legislative Bodies

Institutions responsible for making laws in a country or community, such as parliaments or congresses.

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