Examlex
What are two components that are crucial to the effectiveness of a total quality management program?
Free Enterprise
An economic system based on private ownership and the freedom of individuals to start and manage their own businesses.
Laissez-Faire Economy
An economic system in which transactions between private parties are free from government intervention such as regulations, privileges, tariffs, and subsidies.
Coordinating Mechanism
A system or process used to organize and harmonize different activities or parties so that they work together efficiently towards a common goal.
Laissez-Faire Economies
Economic systems in which transactions between private parties are free from government intervention such as regulations, privileges, tariffs, and subsidies.
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