Advertisements
Advertisements
प्रश्न
Justify the following statement:
The economic environment has a direct influence on business.
Advertisements
उत्तर
- Economic environment consists of economic conditions, economic policies, and economic systems along with basic economic philosophy, infrastructure, national income, money supply, etc.
- Economic condition is based on GDP, per capital income, availability of capital, growth of foreign trade, and capital market.
- Whereas economic policies framed by the government from time to time changes with changes in the government.
- Every business has to function within the policy framework and responds to changes accordingly.
- This relates to Industrial Policy, monetary policy, foreign investment, EXIM policy education policy, etc.
- Also, the scope of private business and government regulation depends on the economic system such as; capitalist economy, Socialist or mixed economy which impacts business decisions.
APPEARS IN
संबंधित प्रश्न
Select the correct option and rewrite the sentence.
_______ means linking national economy to the world economy.
Select the correct option and rewrite the sentence.
Environment awareness provides _________ signal.
State whether the following statement is True or False.
There is no benefit of privatization to Indian economy.
State whether the following statement is True or False.
There is no need of consideration of the business environment factors in business.
Compete the sentence.
Limited involvement of government in public sector refer to _________.
Select the correct Option
Who frames the economic policy of the business?
Which economic system is known as the free market economy?
Correct the underlined word and rewrite the following sentence.
Privatization helps for global village.
Answer in one sentence:
Which factor influence the economic condition of the Nation?
Answer in brief.
State any four features of globalization.
Answer the following.
Explain the new economic policy in details.
Which system of approvals and restrictions governed the Indian industry before 1991 and led to slow industrial growth?
What problem did businessmen in Pune face before NEP 1991 when starting a factory?
Which three reforms did the New Economic Policy of 1991 focus on to address India's economic crisis?
What effect did high inflation have on the Indian economy before NEP 1991?
What change simplified market entry for new companies after the NEP 1991?
