Theory # 1. No Profit, No Loss Principle: For a long time, the 'no profit no loss' principle was regarded as the ideal of price-policy of public undertakings. Since public enterprises are operated in public interest, they should follow the policy different from the private enterprises which are actuated by motivation of profit. The public enterprises should not charge prices [...]
This article throws light upon the four main theories of wages. The theories are:- 1. Subsistence Theory. 2. Wage Fund Theory. 3. Marginal Productivity Theory. 4. The Bargaining Theory of wages. 1. Subsistence Theory: It states that wages tend to keep to a level that will provide the workers only with bare subsistence. If wages for a time rise above [...]
After reading this article you will learn about the motivational needs theory. These suggest that individuals have certain physical and psychological needs they attempt to satisfy. Motivation is a force that results from an individual's desire to satisfy these needs (e.g., hunger, thirst, social approval). Conversely, a satisfied need is not a motivator. The most popular needs theories are: Maslow's [...]