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In the context of a selected local/regional organization, explain the concept of four Es: economy, efficiency, effectiveness and equity. What does the concept of value

In the context of a selected local/regional organization, explain the concept of four Es: economy, efficiency, effectiveness and equity. What does the concept of value for money (VFM) refer to? To what extent is the measurement of effectiveness problematic in public and not-for-profit organizations? Support your answer with examples. (700 words)

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