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  • Introduction Business Environment

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    Roshan Raju
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    This document provides an introduction to business environment and economics concepts. It defines different forms of business like proprietorship, joint stock companies, and public and private limited companies. It also defines economics according to thinkers like Adam Smith and Robbins and discusses microeconomics, macroeconomics, and the circular flow of economic activity. Additionally, it covers GDP, GNP, national income, economic growth stages, factors of production, economic systems, India's economic policy, budgets and fiscal policies, and comparisons of GDP growth rates.

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    This document provides an introduction to business environment and economics concepts. It defines different forms of business like proprietorship, joint stock companies, and public and private limited companies. It also defines economics according to thinkers like Adam Smith and Robbins and discusses microeconomics, macroeconomics, and the circular flow of economic activity. Additionally, it covers GDP, GNP, national income, economic growth stages, factors of production, economic systems, India's economic policy, budgets and fiscal policies, and comparisons of GDP growth rates.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    11 views1 page

    Introduction Business Environment

    Uploaded by

    Roshan Raju
    This document provides an introduction to business environment and economics concepts. It defines different forms of business like proprietorship, joint stock companies, and public and private limited companies. It also defines economics according to thinkers like Adam Smith and Robbins and discusses microeconomics, macroeconomics, and the circular flow of economic activity. Additionally, it covers GDP, GNP, national income, economic growth stages, factors of production, economic systems, India's economic policy, budgets and fiscal policies, and comparisons of GDP growth rates.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
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    Introduction to Business Environment

    What is Business? Different forms of Business Proprietorship, Joint Stock Company, Ltd. Company, Public Ltd., Private Ltd. Public Sector Private Sector What is Economics? Definitions of Economics: Adam Smith, Marshall, & Robbins Microeconomics & Macroeconomics Positive & Normative Economics Economic activity & Non Economic activity Circular flow of Economic activity National Output, Income & Expenditure GDP, GNP, NI, Per Capita Income. Sectoral classification of the economy Economic growth and development Stages of Economic Development Classification of the countries based on development Factors of Production Resources: Physical and Human Economic Systems: Capitalism, Socialism and Mixed economy Indian policy since independence Five year plans Economic Survey and Union Budget Balanced and Unbalanced Budget Liberalization Privatization and Globalization GDP growth rates of China, India and USA Economic instability: Inflation and deflation, Business Cycles Importance of Economics to Management --------

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