Question

What organizations use classical economics and which use neoclassical economics?

Answer 1

Classical approach focus on functions and economic demand of workers while neoclassical approach is focused on emotions and human qualities of workers.classical approach , attention was focused on job and machine hence it is use in mechanistic organization while neoclassical approach focus to management emphasize on increasing production through understanding of people.classical is focused on task and structure while neoclassical theory emphasize people aspect.