Examlex
In which of the following ways are the internal workings of the Chinese Communist Party similar to those of governments of advanced democracies?
Legitimacy
The general perception that an action, entity, or institution is appropriate and justified according to socially constructed norms, values, beliefs, and definitions.
Invisible Hand
A metaphor used by economist Adam Smith to describe the self-regulating behavior of the marketplace.
Adam Smith
An 18th-century Scottish economist and philosopher, often considered the father of modern economics, known for his theories on free markets, capitalism, and the "invisible hand."
Stakeholder Model
A framework that outlines the importance of considering all stakeholders in decision-making processes, not just shareholders.
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