The Four Frames. The Structural Frame. Bolman and Deal (1997) have sorted insights drawn from both research and practice into. four major perspectives, or frames, to make sense of organizations, each having their own. image of reality. The first frame, the Structural Frame, highlights the structural aspects of.
Advantages of Market Economy. Since it follows the basic principle of economics which is price determination through supply and demand without any external intervention, it is the most simplistic economic system among all other economic systems.
The major defining characteristic of a market economy is that investment decisions and the allocation of producer goods are mainly made by negotiation through markets. This is contrasted with a planned economy, where investment and production decisions are embodied in a plan of production. See: Market economy in Wikipedia. So I would say that every country on the face of the earth, except North Korea, is an example of a market economy.