Sustaining team productivity is a critical organizational goal, especially for flat organizations. A flat organization is a firm that has an organizational structure with few or no levels of middle management between employees and executives. The purpose of a flat structure is to reduce the administrative cost so that the employees can be more directly […]
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Public good & externalities The externality is an important concern in the economics of public goods. Externality often occurs when the economic equilibrium between production and consumption, reflected as a private price, can not reflect the actual cost/benefit of such products or services. For example, environmental pollution is a good example of a negative externality. […]
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