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Abstrakty
Business management textbooks and magazines are a good source for research on evolution, and revolution of management theories since the era of Adam Smith, 1770s. A Scottish visionary who saw unnecessary intervention of the government in how businesses were managed, and levied unnecessary restrictions that affected the profitability of small, export/import businesses. He developed the concept of "Laissez Faire" that the Government should stay out of business affairs in order to promote free market system, known as capitalistic system. In short, in the capitalistic system, any individual could enter the market to sell goods and services. But only the fittest would survive and incompetent ones will be driven out of the market. And this concept has made American entrepreneurs successful and very wealthy. (fragment of text)
Rocznik
Strony
310--315
Opis fizyczny
Twórcy
autor
- St. John's University, United States
Bibliografia
Typ dokumentu
Bibliografia
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Identyfikator YADDA
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