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However, we can say that the biggest elements that exist in a market economy, but do not exist in a capitalist system is the production of goods and services determined by the concepts of demand and supply. This is because in the market economy, the production of goods and services is determined by these two elements, whereas in the communist system, this production is determined by the government.
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The goal best describes today's view of the organizing function is designing the organization around the customer.
To accomplish organizational objectives, the organizing function of management focuses on forming a meaningful relationship between people, the work that has to be done, and physical resources. Without the creation of an activity framework (required for the achievement of objectives), planning cannot be successful. The relationship between various jobs is identified, and provisions are established to ensure proper integration.
Organizing achieves this through establishing and maintaining activities in a predetermined pattern, connecting and integrating them, and assisting individuals in cooperating productively to achieve particular objectives. Management has an organizational function because success of an organization depends on it. It is possible to define it as the process of organizing tasks into groups, specifying roles, and achieving coordination between them.
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Answer:
If a person who is not married dies without a will, the person's estate goes to his or her child or is split evenly between multiple children. If the person who dies without a will has no children, then the estate goes to his or her parents. If the parents are deceased, the estate is split among siblings.
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