In: Economics
1- The firm can be viewed as a series of contractual relationships that connect many stakeholders …..Show the Society’s roll in such relationship , illustrate your answer with one example from Palestinian environment .
In this case, the form can be viewed as a series of contractual
relationships that connect many stakeholders so here the society is
a role in such a relationship is demonstrated as follows.
The series of contractual relationships basically means the benefit
of one variable is related to the benefit of another.
Every person in an organisation is attached with some elements
which are on the basis of various factors which are directly or
indirectly attached with some contractual relationships.
Social factors working in the environment and various other
opportunities can lead the person towards the achievement of a
certain goal.
Contractual relationships are not always based on some profit
motive or some money factors that are attached with this type of
relationships; their contractual relationships may be profit-based
or voluntary therefore it is very difficult to explain the
contractual existence of many stakeholders.
Palestinian environment is a mixture of complex environment where
everything is not easy because of some political and border issues
which may harm the social life of the people.
Therefore the best example in the Palestinian environment days to
cover the situation according to the existence of numerous factors
which can give positive and negative externalities in the
economy.