Customer Service Chat
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..
Types of restraints and validation therapy, 1. Mrs Munyarryun, 67 years, ha...
1. Mrs Munyarryun, 67 years, has been retired from her work for two years. She rings for advice about urinary incontinence, a problem she has experienced over the last 6 months. Wh
MARKET TARGETING STATERGIES, A MANUFACTURING UNIT IS INTERESTED IN DEVELOPI...
A MANUFACTURING UNIT IS INTERESTED IN DEVELOPING A BENEFIT SEGMENTATION OF THE CAMERA MARKET. SUGGEST SOME MAJOR BENEFIT SEGMENT WITH MARKET TARGETING STRATEGIES?
Unions in a competitive market, Unions in a Competitive Market: Again, ther...
Unions in a Competitive Market: Again, there a group of economists who will rely on the use of the competitive model to demonstrate the evils of unionization. The most regular anal
Factors shifting supply curve, Factors Shifting Supply Curve -
Factors Shifting Supply Curve -
Calculate the responsiveness of consumers, The price elasticity of demand i...
The price elasticity of demand is how economists calculate the responsiveness of consumers to alters in prices for a commodity. In other words, as price enhances (reduces), the qu
PPF, draw a PPF when a hurricane slows down the nest two months of butter p...
draw a PPF when a hurricane slows down the nest two months of butter production?
Explain capital intensive goods and primary products, What is main differen...
What is main difference between capital intensive goods and primary products? Primary product means the major product in which the firm is dealing. Capital intensive good mea
Friedmans modern quantity theory, QUESTION 1 : What distinguishes Keynes...
QUESTION 1 : What distinguishes Keynes' Liquidity preference Framework from Friedman's Modern Quantity Theory? QUESTION 2: Analyse the monetary policy tools that the Cen
Scacity, if a commodity has limited demand , should economist say that we s...
if a commodity has limited demand , should economist say that we still have a scarcity ?
Illustrate the roles of mathematics in modern economics, Illustrate the rol...
Illustrate the roles of mathematics in modern economics? Roles of Mathematics in Modern Economics: Mathematics has become a significant tool into modern economics. Mostly
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.