WebAgency (sociology) In social science, agency is the capacity of individuals to have the power and resources to fulfill their potential. For instance, structure consists of those factors of influence (such as social class, religion, gender, ethnicity, ability, customs, etc.) that determine or limit agents and their decisions. [1] When it comes to business and the concept of agency theory, there several types of relationships that are closely intertwined and are faced with some sort … See more As mentioned throughout the text, the agency theory explores the distinctive relationship between a principal and their agent. Throughout the relationship, there is … See more In order to reduce the likelihood of conflict, there are certain measures and principles that can be followed by both the principal and agent. See more Thank you for reading CFI’s guide to Agency Theory. To keep learning and developing your knowledge base, please explore the additional relevant resources below: … See more
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