Describe the Leadership Trait Theory

question 74

Essay

Describe the leadership trait theory.

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Definitions:

Adam Smith

A Scottish economist and philosopher, best known for his book "The Wealth of Nations," in which he laid the foundations of classical free market economic theory.

Karl Marx

A 19th-century philosopher, economist, and political theorist best known for his theories about capitalism and communism.

Plant And Equipment

Refers to the tangible assets that are used in the operation of a business or industry including machinery, buildings, and vehicles.

Society Control

Mechanisms, processes, and institutions through which societies regulate behavior and maintain order, stability, and cohesion.