The management has economic power which it uses to affect the life of a worker
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Economic power is the capacity of a nation, company, or person to raise their level of living.
Explanation:
- Economic power is the capacity of nations, companies, or people to raise living standards.
- It improves their capacity to come up with self-help decisions. Economic power is the capacity of nations, corporations, or people to raise their level of living.
- It lessens the power of any outside influence to restrict their freedom and promotes their freedom to make judgments that are in their own best interests.
- Economic power includes a sizable portion of purchasing power. In countries with smaller incomes, management is poorer.
The social and economic structures of industrialized nations across the world have changed due to management.
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