Examlex
Which of the following are the three key categories of firm resources?
Traditional Authority
A form of leadership where power is legitimized by heritage, cultural norms, and historical precedents rather than legal, rational, or electoral means.
Feudalism
A socio-economic system in medieval Europe where land was held by nobles in exchange for military service, and vassals were tenants of the nobles, while serfs worked the land.
Patrimonialism
A form of governance or organization where all power is held by a single ruler or authority, often based on traditional or familial ties.
Gerontocracy
A form of social structure where the power is heavily concentrated in the hands of older members of society, often marginalizing younger generations.
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