Compare the Earlier LMX Studies,which Described In-Groups and Out-Groups to the Leadership-Making

question 63

Essay

Compare the earlier LMX studies,which described in-groups and out-groups to the leadership-making studies in which there are three phases.How is it more helpful to describe LMX in three phases instead of categorizing in- and out-groups?

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Definitions:

Pareto Optimal

A distribution of resources where it's infeasible to enhance the well-being of one individual without adversely affecting another.

Private Goods

Goods that are rivalrous and excludable, meaning consumption by one person diminishes availability for others, and access can be restricted.

Inelastic Demand

A market situation where the demand for a product does not change significantly with a change in price.

Pareto Efficient

A condition of resource allocation in which making one person better off necessitates making another person worse off.