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Explain what economists mean when they apply the rationality assumption.
Communication
The exchange of information or messages between individuals through various channels and mediums.
Inspirational Workplace
An inspirational workplace is one that motivates individuals to achieve their best and fosters positive attitudes and creativity.
Conflicts
Situations where interests, needs, goals, or values of involved parties interfere with one another.
Subordinates
Individuals who work under the supervision of someone else in an organizational hierarchy.
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