“Like an individual, business enterprise should also be a loyal citizen to the state.” Discuss.
“Like an individual, business enterprise should also be a loyal citizen to the state.” Discuss.
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It has been rightly said that like an individual, a business enterprise should also be a loyal citizen to the state. Therefore, it has to be kept in mind.
- Social needs of our country while deciding on what goods and services are to be produced. Therefore, a businessman in India must prefer necessities to cosmetics and dog food in a country like India where 26% people are below poverty line.
- Production of liquor, tobacco and other undesirable products should be avoided. Production method should be used. If a country is labour abundant, the business should give preference to labour intensive techniques.
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