Question

management has economic power which it uses to affect life of a worker.discuss how?

Answer 1

Answer:

please write question in briefly

Answer 2

Answer:

Economic power is a country's, company's, or individual's ability to enhance their standard of living.

Explanation:

• Economic power is defined as a country's, company's, or individual's ability to enhance living standards.
• It increases their ability to make self-help decisions. Economic power is the ability of governments, organizations, or individuals to increase their standard of living.
• It reduces the ability of any outside influence to limit their freedom and enhances their ability to make decisions that are in their own best interests.
• Economic power comprises a significant amount of purchasing power. Management is weaker in lower-income nations.
• Management has revolutionized the social and economic systems of industrialized nations all over the world.

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