How businesses are structured and how their structure helps them meet their goals?
LEGAL ASPECT

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Lana Pizarras
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1.
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1 min • 1 pt
2.
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Businesses that are designed to focus on either generating profit or improve society
3.
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When a business focuses on generating profits
4.
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When an organization focuses on improving the social good throught the arts, education, health care, or some other area.
5.
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Manual labor was largely replaced by machine-based labor. Industry developed around factories in which machines, not people, were the primary tools of production.
6.
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In 1776 a Scottish economist published An Inquiry of the Nature and Causes of the Wealth of Nations, which highlighted the division of labor in production.
7.
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English mathematician and inventor (1791-1871) also studied the division of labor in production. He applied the methods of science and mathematics to his analysis of an organization, management, planning, and labor in factories.
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