Business Environment: Legal Environment -The Commerce subject detailed notes with practice tests are very useful for Assistant Professor / UGC NET / JRF and other competitive exams preparation. The government, in every country, regulates the business according to its defined priorities. Legal system of a country is framed by the government. The laws which are passed by […]
Business Environment: Role of Government in Business -The Commerce subject detailed notes with practice tests are very useful for Assistant Professor / UGC NET / JRF and other competitive exams preparation. During 17th and 18th centuries and early nineteenth century there was the doctrine of laissez-faire where the role of the government in the sphere of business
Business Environment: Political Environment -The Commerce subject detailed notes with practice tests are very useful for Assistant Professor / UGC NET / JRF and other competitive exams preparation. The politics always play an important role in setting government policies, rules and regulations. Foreign investment is also dependent upon political stability; the risk factors offer both opportunities and
Business Environment: Economic Policies -The Commerce subject detailed notes with practice tests are very useful for Assistant Professor / UGC NET / JRF and other competitive exams preparation. There are basically five economic policies: 1. Industrial Policy 2. Monetary Policy 3. Fiscal Policy 4. Foreign Investment Policy 5. Foreign Trade Policy (Export Import Policy or EXIM Policy)
Business Environment: Economic System -The Commerce subject detailed notes with practice tests are very useful for Assistant Professor / UGC NET / JRF and other competitive exams preparation. The economy is basically about production and consumption of goods and services. There are four major factors of production: land, labour, capital and entrepreneurship. Entrepreneurship means to make profits
Business Environment: Economic Environment: The Commerce subject detailed notes with practice tests are very useful for Assistant Professor / UGC NET / JRF and other competitive exams preparation. Economic, political and social environments are changing faster than ever before, due to information technology. The success or failure of a business depends largely on how these changes are
Main Concepts and Types of Business Environment: There are mainly two types of business environment—internal and external. A business has absolute control in the internal environment, whereas it has no control on the external environment. It is therefore, required by business, to modify their internal environment on the basis of pressures from external. Types of
Business Environment and International Business : The Basics of Business Environment: The Commerce subject detailed notes with practice tests are very useful for Assistant Professor / UGC NET / JRF and other competitive exams preparation. Both business and society are interdependent, both need each other. Business, as an economic activity satisfies the needs and wants of the
Lok Sabha is ….House of Parliament? (1) Upper (2) Lower (3) Secondary (4) Permanent The House of the People: As per the provision of Article 79 of Indian Constitution, the House of the People, the Lok Sabha is the lower House of the parliament. Lok Sabha is composed of representatives of the people chosen by
What is the qualifying age for getting elected as Gram Panchayat member? (1) 18 (2) 21 (3) 25 (4) 22 Answer: 2 According to the Constitution of India, Article 243F: the minimum age for contesting Panchayat elections is 21 years. Must read NCRT and other books for competitive exams – click here Match the following: