Organizational Economics

Organizational Economics,

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

Organizational:

Meanings of Organizational:
  1. About the organization or how it is configured.

  2. In terms of action, explain something.

Sentences of Organizational
  1. Head of organization

  2. He has great organizational skills

Economics:

Meanings of Economics:
  1. The branch of knowledge that deals with the production, consumption and transfer of wealth.

  2. The state of a region or group in material prosperity.

Sentences of Economics
  1. 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