Get quote & make Payment
Impact of government legislations on business, economics, Microeconomics
Impact of government legislations on business in india
Government in India plays a dominant role in the Indian business activity. It directs and regulates the private business and industry through various measures. These measures have been formulated as per the guidelines laid down in the Constitution of India (section 10.3). The regulatory policies and development plans pursued. in India fall into the following main categories.
- Assisting, encouraging, and directing private sector;
- Providing infrastructural facilities;
- Controlling private activity;
- Promoting public and joint sectors; and
- Formulating a planned framework for the development and stabilisation of the economy.
In a mixed economy like India the private and the public sectors operate in coordination with each other. The public sector is organised and managed along the socialist pattern. It provides the infrastructural facilities like transport, finance and banking for the development of the private business. The promotion, control and management of this sector is the exclusive responsibility of the government. A large part of the economy in India comprises the private sector that is allowed to function freely under the regulation of the government. Besides encouraging the private sector, Government of India controls the private sector through following policies.
- Industrial and licensing policies,
- Control and regulation of monopolies.
- Fiscal policy,
- Commercial policy,
- Price policy,
- Employment policy,
- Monetary policy,
- Export-import policy,
- Environment policy, and
- Foreign exchange policy.
All these measures interfere with the market mechanism so as to remove distortions in the system and to achieve the broader goals of rapid economic growth, expansion of employment opportunities, equity, and self-reliance. We will briefly discuss those policies that have a major influence on the managerial decisions.
Posted Date: 2/11/2012 12:00:00 AM | Location : United States
Ask an Expert
Impact of government legislations on business, economics, Assignment Help, Ask Question on Impact of government legislations on business, economics, Get Answer, Expert's Help, Impact of government legislations on business, economics Discussions
Write discussion on Impact of government legislations on business, economics
Your posts are moderated
Write your message here..
Determination of fixed exchange rate, DETERMINATION OF FIXED EXCHANGE RATE:...
DETERMINATION OF FIXED EXCHANGE RATE: In the flexible exchange rate regime, exchange rates are highly volatile which leads to uncertainties in the international payments/trans
Simple inventory model, Simple Inventory Model Firstly, the product l...
Simple Inventory Model Firstly, the product level initiates a demand, which generates a demand at the component level and then in turn at the raw material level. Think of an
#title, what is marginal costs?
what is marginal costs?
Microeconomics assignments, a severe restriction occurs to the availability...
a severe restriction occurs to the availability of consumer credit throughout the banking and finance system
Special drawing rights, Special Drawing Rights: SDRs are entitlement g...
Special Drawing Rights: SDRs are entitlement granted to member countries enabling them to draw from the IMF apart from their quota. It is similar to a bank granting a credit l
Isoquant, definition of abnormal isoquant and normal isoquant
definition of abnormal isoquant and normal isoquant
Money multiplier, Should the bank not have anyone to lend the demand deposi...
Should the bank not have anyone to lend the demand deposit to (like that will ever happen) would the size of the money multiplier decrease? If so, why?
Chamberline approach, a more simple explanation of the group equilibrium in...
a more simple explanation of the group equilibrium in the short and long run
Decay toothbruch, What is the arc cross elasticity of demand between Stop d...
What is the arc cross elasticity of demand between Stop decay''s toothbrush and Decay fighter''s toothbrush? What does this indicate about the relationship between the two products
Gdp growth, GDP Growth, Employment and Poverty: The advocates of econo...
GDP Growth, Employment and Poverty: The advocates of economic reforms point out that the reform process has the potential of accelerating economic growth. After the teething t
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
IT Courses and Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Follow Us |
T & C
Copyright by ExpertsMind IT Educational Pvt. Ltd.