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In what stage does the organization face serious problems, and indicators of poor performance can no longer be ignored?
Socialist Market Economy
An economic system where the production and distribution of goods occur within the framework of both the market economy and socialism, often featuring state ownership of key industries.
Economic System
The framework through which a society allocates resources and distributes goods and services among its population.
Individual Bargaining Agreements
Contracts negotiated between an individual employee and their employer regarding terms of employment, separate from collective bargaining agreements.
Government Approval
The formal endorsement or permission granted by a governmental authority for a specific action, policy, or project.
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