Discuss the Concept of Legitimacy

question 15

Essay

Discuss the concept of legitimacy.Explain how it is applicable to business power.

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Definitions:

GNI

Gross National Income, a measure of a country's income, including domestic production and foreign investments, used to estimate the economic health of a nation.

Tariff

A tax levied on a good imported into a country; also called a duty.

Price Gap

The difference in price between comparable products or services, often impacting consumer choice and competitive positioning.

Imported Cars

Vehicles manufactured in one country and brought into another for sale, often subject to import taxes and regulations.