But, for public enterprises, social desirability is an important consideration. Thus, even public enterprises have social as well as commercial obligations. The profit of a public enterprise is an important source of financing planned economic development.
Certainly, business cannot grow under social tension. A business enterprise is an economic unit A business firm is essentially a transformation unit.
Profit is essentially a surplus value — the value of outputs in excess of the values of inputs or the surplus of revenue over the cost. If the resources had not been scarce, an unlimited amount of ends could have been met.
Finally as society has expectations from business, so does business have from society. The environment differs not only over space but also over time from country to country.
This is a difficult and stupendous task and it involves a measure of social efficiency of business operations. Business firms may be of different sizes and forms. From the standpoint of resources, the basic economic problem of every economy is that of just allocation of resources and subsequent optimum production.
In other words, business determines society as much as society determines business. The environmental factors are essentially the givens within which firms and their managements must operate.
The economic environment of business refers to the broad characteristics of the economic system in which a business firm operates. Particularly in a democracy the Government has the very responsible function of maintaining social order and harmony in view of the interests of the majority.
That is what makes it an economic pursuit. This is where the role of the Government as a welfare state comes in. The nature of input requirements and the type of output flows are determined by the size, structure, location and efficiency of the business firm under consideration.
Whatever may be the nature of the mixed economy we find todayit has been the outcome of a long-drawn process of social development and ideological revolution by the respective countries. Right from morning till night we are in the habit of using variety of goods and services made by different countries of the world.
Gradually the economy developed and each country developed a competitive advantage in those circumstances. Therefore, business must be socially responsible. Finally as society has expectations from business, so does business have from society.
These standards are based on Quality Management Systems, and provide an effective means of ensuring that the producer is consistently capable of delivering goods of the desired quality at optimum cost. We are aware of the rapid decline in the quality of the environment over the recent past.
International businesses have a huge impact on our daily lives. Business is an economic activity.
Society must also act responsibly. The degree to which a nation can prosper depends on its productivity, i.
The firm, therefore, intends to get the best out of given resources or to minimize the use of resources for achieving a specific target.Globalization and the Role of the State: Challenges and Perspectives Guido Bertucci and Adriana Alberti∗ Globalization is a term which has been used to.
The Effect Of Globalization On State Power Essay Sample. Globalization. The world economy is becoming more global in its format.
People may not be able to realize the correct depth of this globalization trend and the complexities it creates for the state. The socio-spatial distinction and power of globalization, which at hand is then inherited to the state, is apparently what makes globalization not only a tool for reaching almost all the corners of the globe, but including the long-term series effects which shall surface.
The essay charges that globalization has political, economic and cultural impact on the nation-state, which ultimately impacts the issue of identity on “global citizens”.
partner in the process and does not have the power or mandate to control or have a democratic voice pertaining The nation-state, under the globalization breeze is. agronumericus.com: globalization and state power. From The Community.
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Kindle Edition. $ $ 0 Get it TODAY, Oct Paperback. $ $. The socio-spatial distinction and power of globalization, which at hand is then inherited to the state, is apparently what makes globalization not only a tool for reaching almost all the corners of the globe, but including the long-term series effects which shall surface.Download