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To differentiate, macrosociology deals with issues such as war as a whole; 'distress of Third-World countries'; poverty on a national/international level; and environmental deprivation, whereas microsociology analyses issues such as the individual features of war (e.g. camaraderie, one's pleasure in violence, etc.); the role of women in third ...
In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets. Industrial organization adds real-world complications to the perfectly competitive model, complications such as transaction costs , [ 1 ] limited information , and ...
In sociology, an industrial society is a society driven by the use of technology and machinery to enable mass production, supporting a large population with a high capacity for division of labour. Such a structure developed in the Western world in the period of time following the Industrial Revolution , and replaced the agrarian societies of ...
In an economy, production, consumption and exchange are carried out by three basic economic units: the firm, the household, and the government. Firms Firms make production decisions. These include what goods to produce, how these goods are to be produced and what prices to charge.
The end of the First World War caused a brief economic crisis in Weimar Germany, permitting entrepreneurs to buy businesses at rock-bottom prices. The most successful, Hugo Stinnes , established the most powerful private economic conglomerate in 1920s Europe – Stinnes Enterprises – which embraced sectors as diverse as manufacturing, mining ...
Illustration of Industry 4.0, showing the four "industrial revolutions" with a brief English description. Industrial sociology, until recently a crucial research area within the field of sociology of work, examines "the direction and implications of trends in technological change, globalization, labour markets, work organization, managerial practices and employment relations" to "the extent to ...
Fordism is an industrial engineering and manufacturing system that serves as the basis of modern social and labor-economic systems that support industrialized, standardized mass production and mass consumption.
Transnational corporations share many qualities with multinational corporations, but there is a subtle difference.Multinational corporations consist of a centralized management structure, whereas transnational corporations generally are decentralized, with many bases in various countries where the corporation operates. [1]