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What is Mixed Economy | Types | Capitalist and Socialist Economy

 Mixed Economy Mixed economy is an economy which combines the element  of both the capitalist and socialist economies. It attempts to combine the best features of both capitalism and socialism while excluding the Demerits of Both.   Two types of Mixed Economy      1. Government does not directly undertake Production activity. This exists in most of the developed countries such as the USA, UK, etc.     2. Where Government not only Regulates the Private Sector, But also Participates in the Production activities.     Features of Mixed Economy Co - existence of Public and Private Sectors. Features of both Capitalism and Socialism. Government regulates and controls the Private Sectors. Price mechanism Profit Motive. Capitalist Economy   In Capitalist  form of economic system the means of Production and Distribution are Privately own,  and Production is guided Largely through Operation of markets.    ...
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What is Indian Constitution and Business

 Indian Constitution and Business India's Economy Draws its Sustenance from the Provisions of Indian Constitution. The Socio- Economic Objectives are clearly enshrined in the Preamble to the Constitution, Fundamental Rights and Directive Principles Of State policy. The Following are the Salient Provisions of the Constitution Pertaining to Business and Economy. Next we will discuss Salient Provisions
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Location: Shamli, Uttar Pradesh 247776, India
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Salient Points of the Indian Constitution

 Salient Points of the Indian Constitution The economic Powers of the union Government and the state Government are clearly laid Down. The People of India are assured social, economic and Political issue, Liberty, Equality, of Status and Opportunity and fraternity. By the amendment of 1976, India Become a Socialist state and adopted socialist Patter of economy. There is a scope for state intervention in the Functioning of economy.   Fundamental Rights Right to Equality Right to Freedom Right against Exploitation Cultural and educational Rights Right to Constitutional Remedies    Note - The Right to Property is no Longer a Fundamental right; it has been retained as a constitutional Rights.
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Location: Shamli, Uttar Pradesh 247776, India
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What is Political Science | Political System - Meaning, Types

 Political Science A Political system can be defined as A Complete set of Constitution Interest Group such as Political Parties, Trade Unions, Lobby as well as the relationship Between those institution and norms and rules that Govern their Functions ( Constitutions Election Laws ).    Political System - Meaning A Political System Consists of the formal and informal Structures which manifest the state's Sovereignty  over a territory and People.   A state have many Different Political system over time, Political system draw their Policies Through their ideologies.   Therefore, these ideologies are known as 'Statist'   Political Power is manifested by varied Political System as is apparent from the system  Prevalent in the US, Japan, France, China, Spain, Jordan, these system are Different from one another in many ways, yet they all Share same Commonalities. Political System - 3 Types Liberal Political System - Open system, which Grant almost Comple...
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What is economic system

Economic System The economic system of the government Prevailing in the region where the business exists as well as the Political economics Scenario of the world at large have a bearing on commerce and business.   International Business Rules Currency convertibility Forex rules The second world war that bought many nations to the brink of economic ruin faulted the world and bought about a shift  in the basic tenets of of economic theory. It was widely agreed that a good economic Policy must be based on the three Points. We need to Provide welfare benefits to people who are deprived of regular income because of some reason or the other The desirability of maintaining a judicious balance between Public and Private Sector. ( This implies the crucial sector must be kept under Government Control ). The necessity to Provide a macroeconomic environment which would ensure the Growth of Business, Trade, Commerce and Economy of the Nation.  The two most Powerful institution in a So...
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Location: Shamli, Uttar Pradesh 247776, India
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What is Political Environment

Political Environment Political environment is a set of complex over shifting and interacting forces that    exert a direct influence on Business organization. The Framework of governmental    economic ideology, Policies, regulations and Legislation as well as Government    relationship with business organization from a part of political business Environment.  Political environment is one of the is one of the most Powerful factors the viability and substance of a business venture.  The type of Government in the area. Ideology and the Policies of ruling Party. Provisions laid down for Business. Rules and Regulation, Labor laws.    
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Location: Shamli, Uttar Pradesh 247776, India
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The main elements of a society that directly influence the business in certain region

 The main elements of a society that directly   influence the business in certain region are : Family Education Religion Professionalism Ethical Principles and rules of conduct - Business ethics refers to the system of moral principles and rules of conduct applied to the business. Business and Culture : Culture is the software of mind - the social programming that runs the way we think , act and perceive ourselves and others.           It implies that culture is a learned behavior and hence can be changed.    The elements of culture  Language Ideals Values Religion and Beliefs Social collectives status and roles Cultural integration Preferences
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What is Cultural Shock | Cultural Transmission

 Cultural Shock Environmental changes often Produce cultural SHOCKS. This includes a feeling of anxiety, Confusion and insecurity caused by a new strange environment. Cultural Transmission The elements of culture are transmitted among the members of the culture, from one generation to the next and to the new members admitted into culture.
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What is Mixed Economy | Types | Capitalist and Socialist Economy

 Mixed Economy Mixed economy is an economy which combines the element  of both the capitalist and socialist economies. It attempts to combine the best features of both capitalism and socialism while excluding the Demerits of Both.   Two types of Mixed Economy      1. Government does not directly undertake Production activity. This exists in most of the developed countries such as the USA, UK, etc.     2. Where Government not only Regulates the Private Sector, But also Participates in the Production activities.     Features of Mixed Economy Co - existence of Public and Private Sectors. Features of both Capitalism and Socialism. Government regulates and controls the Private Sectors. Price mechanism Profit Motive. Capitalist Economy   In Capitalist  form of economic system the means of Production and Distribution are Privately own,  and Production is guided Largely through Operation of markets.    ...
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What is economic environment

 Economic Environment A company must work within the economic framework of the country. The economic framework is the level of income in the country, the external conditions that affect the economy, and the economic Policies that affect the economy . The economic environment affects the way business operates. Two Types Of Economics Environment Macroeconomic environment Microeconomic environment Macro factors include: Employment/unemployment Income Inflation Interest rates Tax rates Currency exchange rate Saving rates Consumer confidence levels Recessions Micro factors include: The size of the available market Demand for the company’s products or services Competition Availability and quality of suppliers The reliability of the company’s distribution chain (i.e., how it gets products to customers) While companies often can’t control their economic environment, they can evaluate economic conditions before choosing to enter a particular market or industry or pursue other strategies...
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What is Aggregate Demand

 Aggregate Demand AD( Aggregate Demand ) is the total Demand for Final goods and services in the economy at a given time and Price level.  This is the demand for Gross Domestic Product of a company. AD = C+I+G+( X-M ) Where,           C = Consumer Expenditure on Goods and Services           I =  Capital Investment           G = Government Spending           X = Exports of the Goods and Services           M = Imports of the Goods and Services           X - M = Net Export 
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