Principle of autonomy
In business administration, the autonomy principle describes the self-determination of a company about its business plan .
Systems
Market economy
An autonomous company decides individually which products or services to provide. It also decides at what prices these products or services are sold. According to Erich Gutenberg, the principle of autonomy is, in addition to the commercial principle (striving for profit maximization) and the principle of private property, a constitutive characteristic of companies in market economy systems .
Central administration economy
In a central administration economy , the principle of autonomy does not apply. Instead, there is a central plan that defines the offer and the corresponding prices. So it is a politically determined economic plan. In such a case, one speaks of the so-called organ principle .
Individual evidence
- ↑ Schierenbeck, Henner (2003): Grundzüge der Betriebswirtschaftslehre, Oldenbourg Wissenschafts-Verlag, Munich, page 24.