Business Studies - Business Around Us by Notes

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Notes Important Economic Policies (i) Industrial policy: The Industrial policy of the government covers all those principles, policies, rules, regulations and procedures, which direct and control the industrial enterprises of the country and shape the pattern of industrial development. (ii) Fiscal policy: It includes government policy in respect of public expenditure, taxation and public debt. (iii) Monetary policy: It includes all those activities and interventions that aim at smooth supply of credit to the business and a boost to trade and industry.

All these help in improving the pace of economic growth. (b) Economic Policies: All business activities and operations are directly influenced by the economic policies framed by the government from time to time. Some of the important economic policies are: (i) Industrial policy (ii) Fiscal policy (iii) Monetary policy (iv) Foreign investment policy (v) Export –Import policy (Exim policy) 56 Senior Secondary MODULE -3 Business Around Us The government keeps on changing these policies from time to time in view of the developments taking place in the economic scenario, political expediency and the changing requirement.

It facilitates both oral conversation as well as sending written text messages. Both government and private telecom companies provide this service in our country. (b) Cellular Services: Now-a-days, cellular phones or mobile phones are very popular as they give access to the receiver at all times and everywhere. This is an improvement over the fixed line telephone. It possesses many modern features like Short Messaging Services (SMS), Multi Media Messaging Services (MMS) etc. MTNL. BSNL, Airtel, Idea, Hutch, Reliance and Tata are the leading mobile phone service providers in our country.

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