LIVE MANAGEMENT EDUCATION

 Business is a universal function. It present at every corner of universe.There are many factors affect the growth of business.These factors are structure of economy,management of organization,and environment.The impact of every factor is variable from each other.Among all Environment is one of the important factor that affects maximum. Business enviorment consists all elements like social forces, demography, cultural that affects business directly and indirectly and affects the growth of business. Socio cultural enviornment- Everycustomer has particular belief, customs,practices and so on.The combination of all these things is jointly known as Socio cultural environment. In other words we can say that Socio Cultural possess a number of factors of customers or Consumers.These factors are lifestyle value aesthetics education language religion social organization, technology value attitude reference group family etc. Element of Socio Cultural Environment- 1.Attitude. 2.Demographic pr...

 There are two types of sectors.One is private sector and second is public sector.Private sector plays an important role in capitalist economy whereas public sector plays an important role in Socilist economy.Both Public and Private sectors present in mixed economy and play an important role for the development of common man. Definition- The sector that is established controlled by national,state or local government this type of sector is called Public sector. In other words we can say that the sector that is owned and operate for the development of country this type of sector is called Public sector. Features|Characteristics- 1.It is established by government. 2.It is owned by government. 3.It is managed and controlled by government. 4.It is a separate legal entity. 5.It has a perpetual succession. 6.It has autonomy. 7.It has a long life. Objective- 1.To balance regional development. 2.To develop infrastructue inside country. 3.To support rapid economic development of country. 4.T...

 There are three types of economy present in the world.These are socialism,captilism and mixed.Every economy has many positive features merit and demerit.It depends on government that which type of economy they implement in their country. There are two types of sectors present in economy.These are public sector and private sector.Public sector plays a very very important role in socialism economy whereas private sector plays a very very important role in captilism.Private sector also plays an important role in mixed economy. Definition- The sector that is owned,managed and controlled by individuals or group of individuals this type of sector is called by Private sector. In other words we can say that the sector which is consisted the activity of business like Production,Demand forcasting by individuals or group of individuals this type of sector is called private sector. Features- 1.It is established by individuals or group of individuals. 2.It is managed and controlled by individu...

 Economic system plays an important role for the development of customers,consumers,common man,industry and nation becauses it makes policy,programme,rules,regulation for the developmen of production and concern activities of production. There are many types of economic systems present in the world.These are Capitalism,Socialism and Mixed.Every economy has some paricular feature merit so country chooses economy according to their goal.Among all Mixed is also important type of economy that is choosed by India and popular in 20th century. Definition- The economy in which Public and Private sector perform their role according to rules,regulation of government for the development of country this types of economy is called Mixed economy. In other words we can say that the economic system in which both the state and private sector perform their role in most of economic sector for the welfare of society and nation this type of economic system is called Mixed economy. Feature- 1.It possess...

 Business is an economic function that is performed on the behalf of money to increase the living standard of customers.Now it becomes global so it follows international rules,regulation law etc. Environment-There are many elements present around the business and affect business.The combination of all these factors is called environment. So we can say that all factors that present around business and affects business is jointly known as business environment. Definition- There are many authors,experts,scholars define business environment by many ways.Some ways are as below- According to Keith Davis-Business environment is the aggregate of all conditions,events and influences that surround and affect it. According to Wheeler The total of all things external to firms and industries that affect organization and operation is called business environment.  So we can say that business plays an important role for the development of common man,society,nation in 21st century.It fulfills ...