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What is Organizational economics?
The focus of organizational economics is to improve or enhance the efficiency of an organization's operations in order to improve its overall quality. Efficiency of the operations will result in fewer resources being used, which in turn will result in savings of time and money. As the cost of resources decreases, this could result in increases in market share. To be able to make improvements in organization's operations, organizational economics often combines various elements of psychology, sociology and organizational behavior.
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