Category talk:Business organizations

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Organizations

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ORGANIZATION or ENTREPRENEUR

'ORGANIZATION' or 'ENTREPRENEUR' is the fifth factor of production in Economics theory. The concept of business organization was first accept by Prof. Alfred Marshall in economics literature. Before Marshall three factors (LAND, LABOR, CAPITAL) used to be concedred. When the term 'organization' is used, it refers to business units which is held reponsible to take basic and important business decisions and also has the right of ownership of the business undertaking. The same is the difference between 'organizer' and 'firm' or entrepreneur.

— Preceding unsigned comment added by 180.149.210.185 (talk • contribs) 10:23, 18 November 2013‎