After reading this article you will learn about:- 1. Role of Managing Agents in the Promotion of Industries 2. Defects in the Promotion of Industries in India 3. Regulation of Promotion Role of Managing Agents in the Promotion of Industries: Promotion of industries in India was started by the British businessmen who realised the importance of the vast resources and [...]
After reading this article you will learn about the concepts and input output model of production system. Concept of Production System: The production system is a part of a larger system - the business firm. The production system can be viewed as a framework or skeleton of activities within which the creation of value can occur. Briefly, the difference between [...]
After reading this article you will learn about the application of economics to plants and industrial undertakings. Economics is the science which studies human behaviour as a relationship between ends (objectives) and scarce means (limited resources) which have alternative uses. Economics can be divided into two parts: (a) Macro-Economics: Macro-Economics deals with whole economy. It studies the growth of national [...]