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The Unity-Of-Command Principle States That ________

question 67

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The unity-of-command principle states that ________.


Definitions:

Self-Interest

An individual's personal gain or advantage, often considered as a driving force behind economic activity and decision-making.

Market System

In this economic framework, the determination of investment, manufacturing, and allocation follows the principles of supply and demand, allowing prices for goods and services to be set freely within an open pricing system.

Allocates Resources

the process of distributing available resources among various uses to achieve optimal outcomes or objectives.

Economic Freedom

The degree to which individuals and businesses can make economic decisions without government intervention.

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