Integrative Social Contracts Theory is a theory of business ethics originated by Thomas Donaldson and Thomas... 1  The Advantages of a Social Contract Theory.he goal of Integrative Social Contracts Theory is to provide a framework by which managerial and business decisions can be made with respect to their impact on relevant communities, ethical norms and possible universal moral standards.
Course Description: Industrial organization is the study of how industries function and. how firms interact within an industry. While this is part of the general agenda of. microeconomics, industrial organization distinguishes itself by its emphasis on the study. of firm behavior in imperfectly competitive markets.
What is 'Industrialization'. Industrialization is the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods. Individual manual labor is often replaced by mechanized mass production, and craftsmen are replaced by assembly lines.