Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Bureaucracy was created as an alternative to the system of organization that was prevalent in that day which was based on family associations. Regardless of talent, a person's position in their organization was based on who they were related to. Bureaucracy was introduced to provide a structure for people to be rewarded based on merit and add an element of fairness.

So, why is bureaucracy considered a bad word in today's world? What went wrong? What could be done to fix it?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M968884

Have any Question?


Related Questions in Microeconomics

Question the data found in teh attached file below contains

Question: The data found in teh attached file below, contains information from the year-2000 Professional Golfers' Association tour. It includes the players' names, their average score, the average distance they drive th ...

Question before world war ii started the german currency

Question: Before World War II started, the German currency, which was then the Reichsmark, was set at 2.5 to the dollar. After the war ended, the occupying forces set its successor, the Dmark, at 4.2 to the dollar. The u ...

Question consider this system of demand and supply for

Question: Consider this system of demand and supply for apples. C is the changes in the cost of input for production. For the moment, assume I=0 and C=0. Demand- Q=6-2P+I Supply- Q= 2P - C Suppose I=0 and now C=1 A) Does ...

Question internal markets define the term principal-agent

Question: Internal markets Define the term principal-agent problem. What principal agent problems exists in the market? What principal agent problems exist in a firm? What are possible solutions to principal agent issues ...

Question the us economy did not have any increase in the

Question: The US economy did not have any increase in the core rate of inflation in 1999-2000 with the economy at full employment; instead, it had a stock market bubble. Many people subsequently held Alan Greenspan and t ...

Question - liquidity premium hypothesis based on economists

Question - Liquidity Premium Hypothesis Based on economists' forecasts and analysis, one-year Treasury bill rates and liquidity premiums for the next four years are expected to be as follows: R1 = 6.70% E(r2) = 7.80% L2 ...

Question consider the aggregate demand-aggregate supply

Question: Consider the Aggregate Demand-Aggregate Supply framework. Suppose we are not in a liquidity trap (and do not end up in a liquidity trap), and the Fed does NOT target the interest rate. Show what happens if oil ...

Question discuss ways in which you would develop a

Question: Discuss ways in which you would develop a performance measurement system for a firm that purchased a supplier of its intermediate goods. What information would you begin trying to preserve? How might you want t ...

Question if it is properly adjusted a machine used to

Question: If it is properly adjusted, a machine used to produce Good X produces 5 percent defective units of output. If improperly adjusted it produces 20 percent. You randomly pick a freshly produced unit of Good X and ...

Quesiton in 1980 automobile manufacturers in the united

Quesiton: In 1980, automobile manufacturers in the United States asserted that import quotas be instituted on foreign-produced vehicles marketed in the United States. In a critical essay, elaborate on the costs and benef ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As