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Scientific Management
seeks to increase productivity and make work easier -
Period: to
management theory
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Human relations
relations with or between people, particularly the treatment of people in a professional context. -
Monopoly
: A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. He enjoys the power of setting the price for his goods. -
Hierarchy of needs
Mallows grouping and ordering physical,security,social and self fulfillment needs
