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In a Market System, What Provides Individuals the Information Needed

question 99

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In a market system, what provides individuals the information needed to make decisions?


Definitions:

Information Power

The influence and control one gains from possessing valuable data or knowledge.

Referent Power

A form of influence based on the leader's personal attributes, where followers identify with and want to emulate the leader.

Affection

pertains to feelings of fondness or tenderness directed towards someone or something, influencing interpersonal relationships and behaviors.

Loyalty

A strong feeling of support or allegiance towards someone or something.

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