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Transactional leaders use formal rewards and punishments to manage followers.
Equations
Mathematical statements that assert the equality of two expressions, usually used in various scientific and engineering fields to describe relationships and solve problems.
Economic Model
A simplified representation of economic processes, used to predict and analyze real-world economic behaviors.
Real World
Refers to actual events, scenarios, and dynamics occurring in societies and economies, not based on theoretical models or simulations.
Standard Set
A set of uniform criteria, guidelines, or benchmarks established by a regulatory authority or industry to ensure quality, consistency, and compatibility.
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