Discuss the Core Values of TQM

question 11

Essay

Discuss the core values of TQM.

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Definitions:

Tax Revenues

Tax revenues are the income that is gained by governments through taxation, crucial for funding public services and governmental operations.

GDP

Gross Domestic Product, a measure of the economic output of a country, representing the total value of all goods and services produced over a specific time period.

Keynesian Economists

Economists who believe that demand-side factors are critical in determining the level of economic activity, advocating for government intervention to manage demand.

Macroeconomic Policy

Strategies and actions taken by a government or central bank to regulate and control the economy as a whole, including fiscal and monetary policies.