What is RATIONALIZATION in ECONOMY?

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and there is in my chapter that, costs reduction happens because of rationalization!

2007-06-10 07:35:44 · 3 answers · asked by farid_safarli 2 in Social Science ➔ Economics

Rationalization is finding 'good reason' for things that we really know are wrong.

2007-06-10 07:49:10 · answer #1 · answered by Anonymous · 0⤊ 2⤋

In economics rationalization is the reorganization of a business using better management in order to increase efficiency

2007-06-10 20:16:27 · answer #2 · answered by meg 7 · 1⤊ 0⤋

rationalization probably means innovation here, making machines or people work better.

2007-06-10 15:41:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋