“Like an individual, business enterprise should also be a loyal citi

1.	“Like an individual, business enterprise should also be a loyal citizen to the state.” Discuss.
Answer» 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.

“Like an individual, business enterprise should also be a loyal citizen to the state.” Discuss.

Answer»

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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“Like an individual, business enterprise should also be a loyal citizen to the state.” Discuss.

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