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Categories: Economics & Finance
A social unit of people that is structured and managed to meet a need or to pursue collective goals. All organizations have a management structure that determines relationships between the different activities and the members, and subdivides and assigns roles, responsibilities, and authority to carry out different tasks.
(Read more: http://www.businessdictionary.com/definition/organization.html#ixzz2Wkq1JXXi)
Synonyms:
institution
