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Classical Management
A theory of management that emphasizes structured organization, hierarchy, and clear, defined roles and duties to enhance efficiency.
Productivity
The efficiency at which goods and services are produced, often measured by the output per unit of input.
Economic Incentives
Financial rewards or benefits used to motivate individuals or entities towards certain behaviors that align with economic goals.
Productivity
The efficiency at which an individual or organization can produce goods or services, often measured in terms of output per unit of input.
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