Adam Smith, a modern economist believed that the greatest improvements of all, was the "Good roads, canals, and navigable rivers, by diminishing the expense of carriage, put the remote parts of the country more nearly upon a level with those in the neighbourhood of the town'. 3 Coal and iron were essential to the development to new creations of machines made from iron and powered by coal; this is known as the steam-powered machine that existed in textile factories. ... Adam Smith who was a firm believer in this economic system argued that individuals pursue what they want in a free m...

• Word Count: 2000
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

Thus, numerous studies were conducted, for example the Hawthorne Studies, Victor Vroom's Expectancy Theory, Adam Smiths numerous researches, etc, which were aimed at trying to design such a system which could handle the complex setup needed to run an efficient and effective organization. ...

• Word Count: 1349
• Approx Pages: 5
• Grade Level: Undergraduate