Examlex
For transactional leadership to work, a leader needs to:
Developed Countries
Nations with high levels of industrialization, a high standard of living, and developed infrastructure.
Industrialization
The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, involving increased mechanization.
Per Capita GDP
A measure of the economic output of a nation per individual, calculated by dividing the country's gross domestic product by its total population.
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