Examlex
Bureaucracy is an organizational framework marked by rules and procedures, specialization and division of labour, hierarchy of authority, technically qualified personnel, separate position and incumbent and written communications and records.
Compete
To strive against others for the purpose of achieving something, such as a prize or a higher level of achievement, often under conditions of equal footing and rules.
Partnership
A legal form of business operation between two or more individuals who share management and profits.
Protect
To defend or safeguard from harm, danger, or loss, often pertaining to individuals, groups, or entities.
Consumer Credit
A type of personal loan extended to individuals to purchase consumer goods and services, typically involving interest charges.
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