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Why should planning involve personnel from all areas of the organization?
Median-Voter Model
A theoretical model in political science and economics predicting that the outcome of majority rule voting will reflect the preferences of the median voter.
Socially Efficient Outcome
An economic situation where resources are allocated in a way that maximizes the aggregate welfare of society.
Government Bureaucracies
Complex administrative structures and procedures established by governments to manage their functions and processes.
Profit Motive
The incentive that drives individuals or entities to engage in activities that they expect will yield financial gain.
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