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Investments glossary

Bureaucracy


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Quotes of the day:

Everyone can get the gold of the Sun. (Tout le monde cueille l\'or du soleil)

— Charles de LEUSSE

A bureaucracy typically refers to an organization that is complex with multilayered systems and processes. These systems and procedures are designed to maintain uniformity and control within an organization. A bureaucracy describes the established methods in large organizations or governments. For example, an oil company may establish a bureaucracy to compel its employees to complete safety checks when operating on an oil rig.


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