ABSTRACT
During the post-war years there has been an enormous growth in concentration and centralization of economic organization. The growth of big economic organization does not necessarily mean a change in their social content. In the main, they remain essentially private enterprises, firmly based on private property ownership, with competition as the operating method of distribution, and their main motivation still dynamically that of rent, interest and profit. The tuc Economic Report of 1968 stated that over 6 million people, almost one quarter of the insured population, were employed in the public sector. The changes in the form and size of economic organization synchronize with the changes in technology. Indeed, these changes in the type of the economy make possible the application of the new techniques to the production process. The potential involved in this technological revolution is tremendous. The most revolutionary element in this change is ‘automation’.
