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Michael D. Bayles | The Professional-Client Relationship
Bayles presents a number of ethical models relevant to the professional-client relationship, based on the proportion of authority and responsibility expected from each: agency, contract, friendship, paternalism, and fiduciary. He concludes with support for a model that gives the most freedom and authority to clients, given their knowledge of the situation, a contract between equals whenever possible, and a paternalistic model only for cases in which a client may be incompetent
-In a contract model of the professional-client relationship,
Net Exports
The value of a country's total exports minus its total imports, representing the balance of trade.
1930s
A decade marked by the Great Depression, significant economic hardship, unemployment, and social changes worldwide.
1950s
A decade marked by post-World War II recovery, economic prosperity in many countries, and significant socio-cultural developments.
1970s
A decade known for major economic changes, including shifts in political ideologies, oil crises, and the movement towards globalization.
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