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Explain Weber's three types of authority: traditional,rational-legal,and charismatic,and apply them to a current political event.
Economic Downturn
a period of poor economic performance across a country or globally, characterized by reduced consumer spending, business investment, and employment.
Inferior Good
A type of good for which demand decreases as the income of consumers increases.
Perfect Substitutes
Identical products.
Complements
Goods or services that are consumed together because the use of one increases the value or demand for the other.
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