Discuss the salient features of Classical theory. How is it different

Question

Discuss the salient features of Classical theory. How is it different from Keynesian theory?

06 Jul 2022

Answer :

Word Count : 448

Salient Features of Classical Theory are -

1. The principal aim of the organisation is productivity.

2. It can be realised only by a formal organisation structure.

3. The workers are like cogs in the machine; they have to be fitted to the structure.

4. The formal structure has to be based on:;

(a) Rules and regulations,

(b) Divisions of labour and specialisation,

(d) Assignment of tasks and responsibilities,

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