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Explain the Process of Cumulative Causation

question 177

Essay

Explain the process of cumulative causation.How does it illustrate initial local advantages being reinforced? What are some potential negative impacts?


Definitions:

Managers' Primary Obligation

The fundamental responsibility of managers to ensure the survival and success of the organization by making effective decisions.

Best Interests

A principle guiding actions or decisions made with the well-being or favorable outcome for a party or concerned individuals as the primary concern.

Pension Fund Investors

Individuals or entities that manage investments made with the contributions to pension funds, aiming for growth to secure benefits for future retirees.

Labor Movement

A social and economic movement promoting workers' rights and interests, often through the formation of labor unions.

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