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Discuss the Major Points of Differences Between Centralization and Decentralization,and

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Essay

Discuss the major points of differences between centralization and decentralization,and explain the differences between an international area structure and a global product structure.


Definitions:

Perfect Competitor

A hypothetical market scenario where numerous small firms compete against each other, and none of them can influence the market price.

Output

The total amount of goods or services produced by a business, industry, or economy in a given period.

Price

The amount of money expected, required, or given in payment for something, reflecting its value or worth.

Marginal Revenue Product Schedule

A table or representation showing how the marginal revenue product of a factor of production varies as its quantity employed changes.

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