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Describe the trait theory of leadership and discuss the main research findings on leadership traits and leader effectiveness.
Capital Abundant
A description of an economy or sector that has a large amount of capital (such as machinery, tools, and buildings) available compared to labor.
Factor Markets
Markets in which firms buy the resources they need to produce goods and services.
Highly Educated Workers
Individuals who have attained a high level of education, often including university degrees, which typically equips them with specialized skills.
Unskilled Workers
Workers who possess no specific skills or qualifications, and are therefore suited for jobs that require only basic tasks and minimal training.
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