A well-constituted body that is mutually established with a vow of loyalty to achieve a specific purpose or predetermined goal is a formal organizational structure. It is characterized by a well-defined organizational structure, task specialization, division of work, and consistency of finished products, adhering to rules and regulations that are Implemented in addition to efficient communication networks. Thus, the formal organizational structure functions based on the operation of a well-structured and organized network that is both coordinated and well-managed by experts and Researchers in various areas of expertise. A network in which various cooperative ties are formed between different positions of organizations is a formal organizational structure that has been intentionally created for protecting Economic processes. Learn More: https://bit.ly/38VDVMh Contact Us: UK NO: +44-1143520021 India No: +91-8754446690 Email: [email protected]