Examlex
_____ conflict may arise when there are differences in perceptions between organizations.
Minimum Cost
The lowest possible expenditure required to achieve a specific outcome or maintain a certain standard of quality or efficiency.
Market Economy
An economic system where decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.
Scarce Resources
Natural or human resources that are limited in supply, compelling choices regarding their use.
Willing and Able
Describes individuals who are both inclined and have the capacity to work or engage in economic activity.
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