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 [...]
Another popular content perspective on motivation is the two-factor theory developed by Fredrick Herzberg. This provides univerlistic perspective on work motivation — a perspective deem deem-phasising individual differences — and is derived from Maslow's work. It is also known as motivation-hygiene theory or motivation-maintenance theory. They conducted a series of interviews with 200 engineers and accountants focusing on factors considered [...]