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Ch- 02

Ch- 02

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Published by Ramesh Maheshwari

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Published by: Ramesh Maheshwari on Oct 07, 2011
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04/22/2012

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Economic Environment
Excel Books
2
 –
1
Business Environment Vivek Mittal
Part-1
Copyright © 2007, Vivek Mittal
 
Environment of Business
CH-2
Chapter
Economic Environment
 
Economic Environment
Excel Books
2
 –
2
Business Environment Vivek Mittal
Part-1
Copyright © 2007, Vivek Mittal
 
Environment of Business
CH-2
Economic Environment
Business is an economic activity that has and will continue to influence mankindthe most. Almost every citizen of the world obtain his/her bread and butter fromsome sort of business. Either he is himself engaged in business or is earningbecause somebody else is engaged in business. A deeper analysis reveals thatthe basis of international relations is also business.
The impact of business is so pervasive that besides judicial andadministrative the third important work any government has to perform, isto regulate business in the national interest.
Whether political interests precede or follow economic interest is a debatableissue. A change in the government or change in the system can change the fateof an organization. Behind every political decision there may be economics andbehind every economic decision, politics may be factor.
 
 
Economic Environment
Excel Books
2
 –
3
Business Environment Vivek Mittal
Part-1
Copyright © 2007, Vivek Mittal
 
Environment of Business
CH-2
Types of Government: Political System
A knowledge of the form of government can give a useful insight in appraisingthe political climate. The Governments can be classified as Parliamentary orAbsolutist.Parliamentary government consult with their citizens from time to time to learnabout their opinion and preferences. Most industrialised nations and alldemocratic nations can be classified as parliamentary.The absolutist system includes monarchies and dictatorships. In an absolutistsystem the ruling regime dictates government policy without considering citizens'needs or opinion. Libya, Saudi Arab, Brunei, Bhutan are instances of absolutistregime. The United Kingdom and Japan are good examples of constitutionalhereditary monarchy where despite the monarch the government functionsaccounting to parliamentary democratic model.
 
Governments can also be classified on the basis of the number of politicalparties. It can be two-party, multiparty, single party and or dominated by oneparty. In a two-party system only two parties dominate national politics as onerules and the other sits in opposition, although other parties are allowed.

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