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Explain the contemporary view of span of control.
Neoclassical Economists
Economists who follow the neoclassical school of thought, focusing on supply and demand as drivers of price, output, and allocation of resources in markets.
Free Markets
Economic systems in which prices for goods and services are determined by the open market and by consumers, with minimal governmental intervention or regulation.
Global Economy
The international network of economies and markets, interconnected and influenced by global trade, investment, and information technology.
Skilled Workers
Individuals who have received specialized training, education, or experience that allows them to perform specific tasks or jobs.
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