Examlex
Fayol thought that allowing employees to originate their own plans would increase motivation.
Comparative Advantage
The capability of a person or group to execute a specific economic action more effectively than another action.
Exchange
The act of giving one thing and receiving another, especially of the same type or value, commonly used in the context of goods, services, or financial instruments.
Individuals
Refers to single human beings, distinct from a group, class, or family.
Comparative Advantage
The ability of an individual or group to carry out a particular economic activity more efficiently than another activity.
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