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➷ It is known as a 'chain of command'
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According to the time-driven model of leadership, autocratic leadership styles are reserved for decisions where employee commitment is unimportant.
Autocratic is also known as authoritarian leadership where one or a few people are in control of the entire organization and everyone else has little say on how things are done. This works well at times because of the strong power from the leader(s) but it often creates hostility in the workplace.
Answer:
A positive balance of trade
Explanation:
The theory of mercantilism states that a country’s power depends mainly on its wealth. During the Age of Exploration, this meant that the prosperity of a nation should depend on a large supply of bullion (silver and gold) and a positive balance of trade. A positive balance of trade implies that exports should exceed imports. There were tariffs on imports. This discouraged importation.
Mercantilism was commonly practised in Europe within the 16th to 18th century.
I hope my answer helps you
Comparative advantage<span> refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another.Hope you like:)</span><span>
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