Taxonomy Manager is not working

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Hi Khushbu,
You can install the .NET Desktop Runtime also includes the .NET Runtime. will solve the issue and you are able to open Taxonomy Manager as expected.

https://download.visualstudio.microsoft.com/download/pr/3aa4e942-42cd-4bf5-afe7-fc23bd9c69c5/64da54c8864e473c19a7d3de15790418/windowsdesktop-runtime-5.0.17-win-x64.exe

Thanks,
BhaskaraB