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Neutrality:
Bureaucracy is apolitical and neutral. Prof. Frocderich mentions the following features of bureaucracy: (i) differentiation of functions, (ii) qualifications for office, (iii) hierarchical organisation and discipline, (iv) objectivity of method, (v) precision and consistency involving adherence to rules, and (vi) exercise of discretion involving secrecy. We can conclude, in the words of Weber: "Experience tends universally to show that the purely bureaucratic type of administrative organisation that is, the monocratic variety of bureaucracy is, from a purely technical point of view, capable of attaining the highest degree of efficiency and is in this sense formally the most rational known means of carrying out imperative control over human beings. It is superior to any other form in precision, in stability, in the delivery mechanism, in implementation of economic policy."
Having discussed the nature of neutrality, let us understand how this bureaucracy runs the administration to put the economic policies into action to deliver the benefits of economic policy. For this, we have to understand the meaning of public administration, stringency of its discipline, and its reliability. It, thus, makes possible a particularly high degree of calculability of result for the heads of the organisation and for those acting in relation to it. It is finally superior both in intensive efficiency and in the scope of its operations, and is formally capable of application to all kinds of administrative tasks.
Mathematical Derivation of ordinary demand function: Here we present the mathematical and more general proof of the above result. Consider, again, the initial price income sit
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They take deposits which mean borrow money and make loans which means lend money. The interest rate they pay on the deposits is less than the interest rate they charge on their loa
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