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Why did Max Weber assume that direct democracy is impossible as a means of regular government in large-scale societies?
Interest Rate
The percentage of an amount of money charged for its use per period of time, often annually.
Present Value
The present-day value of a future amount of money or series of cash flows, based on a given rate of return.
Interest Rate
Lenders impose a charge, as a percentage of the principal, on borrowers for the use of their assets.
Present Value
The value today of a future money sum or sequence of cash flows, based on a specific interest rate.
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