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Compare and contrast the formal system of education with the informal system of education found in American schools. In your essay, address the role of these systems on student success and achievement. Also, address how the formal and informal systems affect the role of teachers and the role of students.
Competitive Advantage
A situation or factor that gives a business an advantageous or dominant position over its rivals in the industry.
Monopolistic Market Position
A competitive standing where a single company or entity dominates the supply of a particular product or service in a market.
High Profits
Earnings that significantly exceed the costs and investments of a business, reflecting strong financial performance or market advantage.
Stakeholder Element
An aspect or component that is significant to the interests, concerns, or objectives of individuals or groups that have a vested interest in the outcome of a project or organization.
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