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Discuss the Synergism Between the Informal and Formal Powers Available

question 42

Essay

Discuss the synergism between the informal and formal powers available to governors.Explain, also, how a "weak" governor may be successful and a "strong" governor may be a failure.


Definitions:

Diminishing Marginal Utility

The economic principle stating that as a person consumes more of a good, the additional satisfaction gained from each additional unit of that good decreases.

Risk-Averse

A condition where an individual prefers outcomes with known probabilities over outcomes with unknown probabilities, typically avoiding higher risk.

Total Utility

The cumulative satisfaction or pleasure derived by a consumer from consuming a given amount of goods or services.

Income Fall

A decrease in the amount of money received by an individual, household, or entity, typically referring to earnings over a certain period.

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