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


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


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