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What Are the Key Elements of Organizational Structure

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What are the key elements of organizational structure?


Definitions:

Wealth

The accumulation of valuable resources and assets, both tangible and intangible, that provide economic power or security to an individual or entity.

Wages and Salaries

Monetary compensation paid by employers to employees for their labor services, typically on an hourly, weekly, or annual basis.

Redistribution of Income

Economic policies or mechanisms intended to adjust the distribution of wealth or income in a society.

Income Equality

Income equality refers to a scenario where earnings are distributed evenly across a population. It is the opposite of income inequality where earnings are unequally distributed.

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