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What is the principal-agent problem in economics and how does it impact decision-making within organizations?
The principal-agent problem in economics refers to the conflict of interest that arises when a principal (such as a company owner or shareholder) delegates decision-making authority to an agent (such as a manager or employee) who may not always act in the best interest of the principal. This can impact decision-making within organizations as agents may prioritize their own interests over those of the principal, leading to moral hazard, shirking, or other forms of opportunistic behavior that can harm the organization's performance and overall success.
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Why is economics related to science?
Because economics deals with human problem.
What is the core economic problem?
the core economics problem with economy of pakistan
What is the basic problem that gives rise to the study of economics?
Pericycle
What is perpetual problem of economics?
when there is never enough to satisfy everyone.
In economics what refers to the global problem involving develop and developing nation?
Global interdependence
Why is economics related to science?
Because economics deals with human problem.
What is the core economic problem?
the core economics problem with economy of pakistan
What has the author Erik Angner written?
Erik Angner has written: 'A course in behavioral economics' -- subject(s): BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Decision-Making & Problem Solving, BUSINESS & ECONOMICS / Economics / Microeconomics, BUSINESS & ECONOMICS / Economics / Theory, Economics, Psychological aspects, PSYCHOLOGY / Industrial & Organizational Psychology
Dental health problem involving economic crisis in the Philippines?
problem of the Philippines involve economics
What is the basic problem that gives rise to the study of economics?
Pericycle
What is perpetual problem of economics?
when there is never enough to satisfy everyone.
What is the fundamentals of economics?
The scarcity of productive resources relative to economic wants (limited resources verses unlimited wants) is the fundamental problem of Economics.
What has the author Elijah M James written?
Elijah M. James has written: 'Economics, a problem-solving approach' -- subject(s): Economics
Is unemployment a problem in Australia?
not for several years now, good govermental economics plan.
In economics what refers to the global problem involving develop and developing nation?
Global interdependence
What domestic problem did Alexander Hamilton face and how did he plan to solve it?
economics financial program
Which activity does economics primarily study?
The problem of scarce resources relative to human wants
