DIMENSIONS-BUSINESS ENVIRONMENT

DIMENSIONS OF BUSINESS ENVIRONMENT

1.  ECONOMIC ENVIRONMENT:

     Economic Environment consists of

• Gross Domestic Product   
• Value of Rupee
• Inflation rate
• Stock market indices
• Tax rates 

 EXAMPLES OF ECONOMIC ENVIRONMENT

Super rich cars such as Aston Martin and Lamborghini and sports utility vehicles like Mahindra's  XUV 500, Scorpio and Toyota Innova have become more expensive after the Budget 2013 announced a hike in customs and excise duties. 

VIDEO ON ECONOMIC ENVIRONMENT

 

 

 

ECONOMIC ENVIRONMENT IN INDIA-

The Economic Environment in India has been steadily changing mainly due to the Government policies.As a part of reforms, the Government of India announced new industrial policy in 1991 encouraging Liberalisation,Privatisation & Globalisation.

  

MIND MAP OF LIBERALISATION-

MEANING OF PRIVATISATION-

"Privatisation means giving greater role to the private sector in the nation building process and drastically reducing the role of the public sector"
To achieve this government adopted disinvestment process.

MEANING OF GLOBALISATION-
It means the integration of our economy with the world economy. It aims at:
1. Import Liberalization.
2. Export Promotion.
3. Foreign exchange reforms.
                      VIDEO ON GLOBALISATION



 

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