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To the extent that a base unit of society – usually conceived as an individual citizen – vests authority in a larger unit, such as the state or the local community, authority is centralized. The extent to which this ought to occur, and the ways in which centralized government evolves, forms part of social contract theory .
Today, bureaucracy is the administrative system governing any large institution, whether publicly owned or privately owned. [3] The public administration in many jurisdictions is an example of bureaucracy, as is any centralized hierarchical structure of an institution, including corporations, societies, nonprofit organisations, and clubs.
A central government is the government that is a controlling power over a unitary state.Another distinct but sovereign political entity is a federal government, which may have distinct powers at various levels of government, authorized or delegated to it by the federation and mutually agreed upon by each of the federated states.
Cartel - In economics, a cartel is an agreement between competing firms to control prices or exclude entry of a new competitor in a market. It is a formal organisation of sellers or buyers that agree to fix selling prices, purchase prices, or reduce production using a variety of tactics.
The Administrative State is Dwight Waldo's classic public administration text based on a dissertation written at Yale University.In the book, Waldo argues that democratic states are underpinned by professional and political bureaucracies and that scientific management and efficiency is not the core idea of government bureaucracy, but rather it is service to the public.
A palace economy or redistribution economy [1] is a system of economic organization in which a substantial share of the wealth flows into the control of a centralized administration, the palace, and out from there to the general population.
The Tawantinsuyu (Quechua: "land of the four quarters") or Inca Empire was a centralized bureaucracy. It drew upon the administrative forms and practices of previous Andean civilizations such as the Wari Empire and Tiwanaku, and had in common certain practices with its contemporary rivals, notably the Chimor. These institutions and practices ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...