MS-03 Economic and Social Environment

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

help.mbaassignments@gmail.com

or

call us at : 08263069601

ASSIGNMENT

Course Code : MS-03

Course Title : Economic and Social Environment

1. “All modern economies have certain economic problems to deal with”. Examine and illustrate the statement.

Answer : All modern economies have certain fundamental or basic economic problems to deal with. In every single economy, including the so-called “affluent society”, resources are limited. As a result, decisions regarding the resource use have to be made together by individuals, by business corporations, and by society. It is the social choice and community preferences which give substance to the question of macro-economic decisions.

Three Basic Economic Problems of Society:

What to produce ?

Each and every economy must determine what products and services, and what volume of each, to produce. In some way, these kinds of decisions should be coordinated in every society. In a few, the govt decides. In others, consumers and producers

2. Briefly examine the growth of SSI in the post-reforms period.

Answer : According to the committee of economic development USA, a small business is one which possesses at least 2 of the following 4 characteristics:

·         Management of the firm is independent. Usually the managers are also the owners.

·         Capital is supplied and the ownership is held by an individual or a small group.

·         The area of operation is mainly local, with the workers and owners living in one home

3. Critically analyze the achievements and adverse effects of regulatory framework in the course of India’s industrialization.

Answer : India's experience with regulation in the sense of control is not new. Till recently, all sectors of the economy were regulated. For example, in the infrastructure sectors, the governments or their instrumentalities owned, operated, and regulated services. The central government, the Central Electricity Authority, state governments, and state electricity boards regulate the power sector under the authority

4. Distinguish between free trade and protection. Discuss the merits and demerits of free trade vs. protection for a developing country like India.

Answer : The global economy is set to decline for the first time since World War II. Economists have engaged in a lively debate over the benefits and pitfalls of free trade and protectionism. Many economies have adopted free-trade policy, or an economy in which trade tariffs and barriers have been lifted. allowing for the free flow of trade between one or more nations. Protectionism refers to policies where nations restrict imports and exports.

 Protectionism

Protectionism refers to policies, rules and

Question. 5Collect data on foreign technical and financial collaborations for the period 2005-2012 and write a note on the trends of these collaborations.

Ans :Developing countries like India have been using import of technology throughforeign collaboration as a strategy to bridge the technological gaps in the country, toexpedite economic development.The number of foreign collaborations has been increasing on a cyclical manner in thefirst forty years, from 1951-91, starting with a meager 44 collaboration in the year 1951,it increased to 592 in the year 1961 and then suddenly to 402 in 1962, the year inwhich India faced war with China. The number of collaborations hovered around thesame figure. until 1965, when India faced war with Pakistan, when number dropped further to 343. This was followed with

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

help.mbaassignments@gmail.com

or

call us at : 08263069601