The mark of a capitalistic society is that
resources are owned and allocated by such
nongovernmental organizations as firms,
households, and markets. Resource owners
increase productivity through cooperative
specialization and this leads to the demand
for economic organizations which facilitate
cooperation. When a lumber mill
employs a cabinetmaker, cooperation between
specialists is achieved within a firm,
and when a cabinetmaker purchases wood
from a lumberman, the cooperation takes
place across markets (or between firms).
Two important problems face a theory of
economic organization-to explain the
conditions that determine whether the
gains from specialization and cooperative
production can better be obtained within
an organization like the firm, or across
markets, and to explain the structure of
the organization.
The mark of a capitalistic society is that
resources are owned and allocated by such
nongovernmental organizations as firms,
households, and markets. Resource owners
increase productivity through cooperative
specialization and this leads to the demand
for economic organizations which facilitate
cooperation. When a lumber mill
employs a cabinetmaker, cooperation between
specialists is achieved within a firm,
and when a cabinetmaker purchases wood
from a lumberman, the cooperation takes
place across markets (or between firms).
Two important problems face a theory of
economic organization-to explain the
conditions that determine whether the
gains from specialization and cooperative
production can better be obtained within
an organization like the firm, or across
markets, and to explain the structure of
the organization.
การแปล กรุณารอสักครู่..