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How are rational ignorance, special interest groups, and economic inefficiency related?
Management Functions
Activities such as planning, organizing, leading, and controlling that are performed by management to efficiently and effectively coordinate the work of an organization.
Planning
The process of making plans for something, including setting goals and determining the means to achieve them.
Organizing
The act of arranging elements following one or multiple logics with the aim to reach a specific goal or manage a system of complexity.
Leading
The process of influencing others towards the achievement of goals; in a business context, it involves motivating employees and guiding the organization in a clear direction.
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