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Discuss the analogy between physical and human capital.
Rank-and-File Members
Pertains to the regular members of an organization or union, excluding the leadership or managerial positions.
Framework of Procedures
A set of formalized steps and guidelines designed to accomplish a specific task or to uphold standards in various contexts, including organizations or regulatory environments.
Rigid Rules
Rules that are strictly applied and allow little to no flexibility or discretion in their implementation.
Property Rights
Legal rights to use, control, and benefit from assets such as land, buildings, or intellectual property.
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