The Classical Economic Theory Draws on Which of the Following

question 15

Multiple Choice

The classical economic theory draws on which of the following types of economy?

• A) laissez-faire
• B) mixed
• C) command
• D) capitalist

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Definitions:

Transformational Leadership

A leadership style that inspires and motivates followers to achieve extraordinary outcomes by transforming their attitudes and assumptions.

Anticipating Future Trends

The practice of predicting upcoming changes in areas such as consumer behavior, technological advancements, and market dynamics.

New Vision

New vision refers to a fresh and inspiring direction or perspective that an organization or individual adopts to guide future growth and objectives.

Authentic Leadership

A leadership style in which leaders are genuine, transparent, and trustworthy, focusing on building legitimacy through honest relationships.