administration (noun) — sense 1

The act of administering; government of public affairs; the service rendered, or duties assumed, in conducting affairs; the conducting of any office or employment; direction.

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Example
[…] the fact that the propertied classes are no longer the best educated, and the fact that the large number of people who owe their position solely to their general education do not possess that experience of the working of the economic system which the administration of property gives are important to understanding the role of the intellectual.
Order number
1
Part of speech
noun

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