Examlex
The effectiveness of formal authority is derived from the willingness of followers to acknowledge the legitimacy of the organizational structure and the system of rules and regulations that empowers its leaders.
Least Developed Nations
Countries that meet criteria based on income, human assets, and economic vulnerability, recognized as being the most economically and socially challenged globally.
Productivity Growth
An increase in the efficiency of production, often measured as output per unit of input over time.
1990s
A decade characterized by significant technological advancements, economic globalization, the end of the Cold War, and cultural shifts in music, fashion, and entertainment.
1970s
A decade marked by significant social, political, and economic changes around the world, spanning from 1970 to 1979.
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