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 ERG theory of motivation. In response to various criticisms, Clayton Alderfer (1972) has proposed called an alternative to Maslow's Theory in an effort to simplify it and give it some empirical support. It is calculate ERG Theory of Motivation. He speculates that some features of Maslow's theory are very reasonable. However, [...]