ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC INSTITUTIONS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Rules and regulations clearly outline the rights and obligations of those in power
A
Traditional authority
B
Rational-legal authority
C
Charismatic authority
D
Absolute authority
Explanation: 

Detailed explanation-1: -Rational-legal authority (also known as rational authority, legal authority, rational domination, legal domination, or bureaucratic authority) is a form of leadership in which the authority of an organization or a ruling regime is largely tied to legal rationality, legal legitimacy and bureaucracy.

Detailed explanation-2: -Rational-legal authority: Also known as bureaucratic authority, is when power is legitimized by legally enacted rules or regulations.

Detailed explanation-3: -According to Weber, power made legitimate by laws, written rules, and regulations is termed rational-legal authority. In this type of authority, power is vested in a particular rationale, system, or ideology and not necessarily in the person who implements the specifics of that doctrine.

Detailed explanation-4: -According to Max Weber, the three types of legitimate authority are traditional, rational-legal, and charismatic. Charismatic authority is relatively unstable because the authority held by a charismatic leader may not easily extend to anyone else after the leader dies.

There is 1 question to complete.