Identify Some of the External and Internal Forces of Change

question 5

Essay

Identify some of the external and internal forces of change.

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Definitions:

Economic Efficiency

A condition where resources are allocated in a way that maximizes the production of goods and services.

Political Power

The authority or influence that individuals or groups hold within a political structure.

Sherman Act

An antitrust federal statute passed in 1890 which prohibits certain business activities that reduce competition in the marketplace, including monopolies.

Felony

A serious crime, such as murder, rape, or robbery, that is punishable by imprisonment for more than one year or death.