Organizational Economics Definition:
Organizational economics is a branch of applied economics that studies transactions within individual companies, as opposed to transactions within large markets. Organizational economics is divided into three main sub-areas: agency theory, transaction cost economics, and ownership theory. Organizational economics courses are usually taught at the graduate or doctoral level.
- Organizational economics is used to study transactions within individual companies and to determine management strategies for resource management.
- It is divided into three main topics: agency theory, transaction cost economics, and ownership theory.
- All three theories offer ways to justify motivational and critical decisions in an organization.
Literal Meanings of Organizational Economics
Meanings of Organizational:
About the organization or how it is configured.
In terms of action, explain something.
Sentences of Organizational
Head of organization
He has great organizational skills
Meanings of Economics:
The branch of knowledge that deals with the production, consumption and transfer of wealth.
The state of a region or group in material prosperity.
Sentences of Economics
They are more likely to acquire this store of knowledge through a degree in economics at school.
Synonyms of Economics
investment, fiscal matters, business, accounting, economics, pecuniary matters, commerce, money matters, financial affairs, banking, money management