👉 "Nonlogistic" is a term that refers to an economic model or theory that describes how changes in one variable, such as income, can affect another variable, such as unemployment rates. The concept of "nonlogistic" arises from the fact that these variables are not linearly related and therefore cannot be easily predicted by a straight line equation. Instead, they exhibit nonlinearity, meaning that their relationship is nonlinear rather than linear. Nonlinear models often arise in economic theories or in situations
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What is the definition of Nonlogistical? 🙋
👉 Nonlogistical refers to a type of organizational structure that is characterized by its lack of adherence to traditional logistically-driven processes and systems. Instead, it emphasizes flexibility, adaptability, and dynamic organization. The term was first coined in the 1940s by economist John Maynard Keynes as an alternative to logistic structures, which were based on rigid and bureaucratic decision-making processes that were often inefficient and costly. Nonlogistical organizations are characterized by their ability to adapt quickly to changing circumstances
