The economic ideology present is Feudalism. This ideology is being referred to in the question, that the management is autocratic.
Feudalism is the dominant culture and it is also known as the feudal system, the negative impact of this culture is that there is a big gap between the management and the employees in a working environment.
Feudalism is the autocratic management style which does not keep their employees motivated and instead are pressurizing to get the work done.
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