How is interdependence beneficial
Table of Contents
- Economic theory
- Decision theory
- Organizational theory
Term for the mutual dependence and influence of economic variables. Macroeconomic Keynesian and New Keynesian total models are mostly completely interdependent economic systems that cannot be solved recursively, but only simultaneously. This complete macroeconomic interdependence, on the other hand, no longer applies in neoclassical models with complete wage and price flexibility, since, due to a model dichotomy, processes in the monetary sector cannot encroach on the real sector and thus the equilibrium values of the real sector are independent of changes in the nominal money supply.
See also total analysis, total analysis of open economies, neoclassics, dichotomy of money.
1. Factual interdependence (horizontal interdependence): The interrelationships between different decision-making fields in a company when considering a point in time.
2. Temporal interdependence (vertical interdependence): Interrelationships between successive decisions in time (multi-stage decision).
See composite effect.
1. Term: mutual dependency of organizational units in fulfilling their tasks.
2. To shape: a) Pooled interdependence: Several organizational units access a resource.
b) Sequential interdependence: An object is processed one after the other by different organizational units.
c) Reciprocal interdependence: An object is processed one after the other by several organizational units, but returns to an organizational unit that has already processed the object.
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