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Neutrality:
Bureaucracy is apolitical and neutral. Prof. Frocderich mentions the following features of bureaucracy: (i) differentiation of functions, (ii) qualifications for office, (iii) hierarchical organisation and discipline, (iv) objectivity of method, (v) precision and consistency involving adherence to rules, and (vi) exercise of discretion involving secrecy. We can conclude, in the words of Weber: "Experience tends universally to show that the purely bureaucratic type of administrative organisation that is, the monocratic variety of bureaucracy is, from a purely technical point of view, capable of attaining the highest degree of efficiency and is in this sense formally the most rational known means of carrying out imperative control over human beings. It is superior to any other form in precision, in stability, in the delivery mechanism, in implementation of economic policy."
Having discussed the nature of neutrality, let us understand how this bureaucracy runs the administration to put the economic policies into action to deliver the benefits of economic policy. For this, we have to understand the meaning of public administration, stringency of its discipline, and its reliability. It, thus, makes possible a particularly high degree of calculability of result for the heads of the organisation and for those acting in relation to it. It is finally superior both in intensive efficiency and in the scope of its operations, and is formally capable of application to all kinds of administrative tasks.
Dynamic Changes in Costs: The Learning Curve * The learning curve measures impact of worker's experience on costs of production. * It describes relationship between a firm
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what do you meant by rent?
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Sources of monopoly power: The main sources of monopoly power include the following: (i) Control of the entire supply of a basic input . It only one firm has access to or co
Q. Perfect Competition in neoclassical economics? Perfect Competition: An abstract assumption, central to neoclassical economics, in that companies are so small that none can i
income=100 price of x=5 price of x2=10 find consumer equilibrium with diagram
The Productivity Growth Slowdown However in 1973 steady trend of climbing rates of productivity growth stopped cold. Between 1973 and 1995 measured growth in output per worker
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