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Contrast Centralized and Decentralized Authority

question 59

Essay

Contrast centralized and decentralized authority.Give an advantage and example of each.


Definitions:

Imported Jeans

Denim pants that are produced in one country and brought into another country for sale, subject to trade policies and tariffs.

Domestic Price

The price of goods or services within a country's own market, as opposed to international prices.

World Price

The international market price of a good or service, influenced by global supply and demand.

Trade

The exchange of goods, services, or both between parties, which can be within an economy or between economies.

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