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Managers may base their decisions on which of the following?
Political Economy
A branch of social science that studies the relationships between individuals, societies, and governments, focusing on the production, distribution, and consumption of goods and services.
Globalization
The process by which businesses, cultures, and economies become interconnected and interdependent through global networks of trade, communication, and transportation.
Structures
denote the organized arrangement or system of interrelated elements, which could be social, physical, or conceptual.
Institutions
Complex social structures and organizations that govern the behavior of individuals within a society, such as family, education, and government.
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