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Galbraith acknowledges the success of the market economy, but at the same time, according to him, this system is characterized by instability, inefficiency and social inequality. This is why he advocates state interventionism to correct these market failu
The book deals with the concept of administration and its meaning in contemporary society. It studies the development, role, types and models of administration.
The book applies economic theory (micro and macroeconomics) and methods of decision science analysis to examine how an organization can most effectively achieve its goals or objectives.