The Market Mechanism and the Administrative Mechanism Are Two Forms

question 45

True/False

The market mechanism and the administrative mechanism are two forms of economic organization comprising the "market economy"

---

Definitions:

Distributive Justice

The perceived fairness of how resources and rewards are distributed within a society or organization.

Personal Commitment

denotes a personal or emotional investment into a cause, project, or goal, driving individuals to persevere in their efforts.

Ethical Perspective

The viewpoint from which an individual or group evaluates actions and decisions based on moral principles and values.

Millennials

A demographic group succeeding Generation X, generally identified as individuals born between the early 1980s and the late 1990s.