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The Purpose of the Device Shown Is to

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The purpose of the device shown is to


Definitions:

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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