Meaning of Organization

Organization is defined as the collective efforts to fulfill the common goal being together. Human beings are unlimited and limited resources whereby economic problem arise in economic system. Human needs are unlimited and resources are limited. If scarcity did not exist, there would be no economic system and economic problem. We can conclude that, an organization as a concrete and tangible entity. It is a system of co-operative activities of two or more person based on certain objectives. It is a dynamic process to attain the pre-design objectives. Every organizations have certain rules and policies which need to be implemented.

Organization