Delegation of Authority is based on the elementary principle of Division of Labour. Authority means power to take decisions. Delegation of Authority means to provide for all needed authorities, to the subordinates for successfully completing their job or responsibility. Accountability comes into being when authority is delegated by top level managers to their subordinates.

Accountability is the answerability or duty of a subordinate towards his senior officer for work performance.

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Directing refers to instructing, guiding, communicating and inspiring people, so that objectives can be achieved. In the process of directing, the employees are given instructions and guidance to achieve a goal or objective. They are trained to develop communication and are inspired to achieve their objectives.

Importance of Directing:

Directing is very important for every organization. The essentials of directing are as follows:

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The word organizing is derived from the word 'organism', which means that all sub-units of a main unit have a definite relationship with the main unit. Organizing is the harmonius adjustment of special parts for accomplishing common purposes.

Organizing is a mechanism of management. The importance of organizing is as follows:

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Introduction:

The Environment and the subject Economics are inseparably linked since pre-independence times, reason being the three important services offered by the environment to mankind.