Examlex
What is the term for the number of years at birth that an average member of society can expect to live?
Uncertainty and Volatility
Conditions characterized by unpredictable changes and a lack of stability, often referring to economic or financial markets.
Mechanistic
Describing an organizational structure that is highly formal, rigid, and bureaucratic, focusing on hierarchy, defined roles, and rules.
Organic Form
An organizational structure characterized by flexibility, decentralized decision-making, and a lack of formal procedures and hierarchies, often adapting quickly to environmental changes.
Perfect Substitute
A good, service, or resource that can be used in place of another with no loss of value or utility to the consumer.
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