how non economic factor social,religion political, and stability of govt effect business environment?

Question

how economic or noneconomic factor effecting rate of growth of economy?

Answer 1

Let us start from the first factor,
1. Social Factors:- Society in Indian economy is one of the most important factor for assessing the growth of economy. Society or community of people demands the product rather they may have the power to run the economy for the specific product. The industry rather target the society or community we may say as a whole. The supply chain is based on the demand of specific community/society.
2. Political factors:- Politics in India has emerged as 'power'ful factor indeed. Political strength can turn out the supply of commodities and services to a specific community or communism. Political leader with his power can pressurise the suppliers to make them supply at a lower costs.
3. Stability of Government:- As we have all experienced the changing governement can hamper the growth of the business. The changing Govt. can bring with themselves the changing environment. The free trade policies introduced by our x-finance minister Mr. Manmohan Singh in 1992-94, before that there was no such policies even existed. The domestic market have to compete with the multi-national giants, they even have been crippled in this competition. The changing Govt.'s has changing policies.
If we want to change the Govt. we have to be ready to bear the consequences.

Answer 2

biz enviroinment depends on various factor such as people, process technology etc.... but the foundations are the social, political and reliegions.

if these things are not really well, then you can not drive the biz envirionment at all. say example, if you dont have political stability how well confident you invest and go for expansion. Think about starting a company in asssam or kashmir

Answer 3

It looks like noneconomic and related to law and order.but ultimately these factors lead to healthy social life which is must for business/industry to grow

Answer 4

Some people think America has a "democracy".....others, who read a book,think it is a "representative republic"..... what it really is .....a "plutocracy".... half of Congress are millionaires; the other half soon will be.... The Washington DC oligarchy has two goals....... stay in power and gain personal wealth..... Thomas Jefferson once said "Once the people learn they can write themselves a check, our nation is on the road to bankruptcy".....14 trillion dollars later and after the downgrading of our credit rating......we are almost there........ Remember the "debt ceiling" crisis..... what did they threaten to cut?...... did they threaten to cut foreign aid......or the billions spent on foreign military adventurism..... or Congressional pay and benefits..... NO.....they attacked all the "sacred cows"...... Medicare, Medicaid, Veterans....etc etc WHY? Because they knew America would not hold still for that.....they knew the debt ceiling would be raised and it would be "business as usual"..... more government waste and corruption...... the inmates are in charge of the asylum and the LAST thing they want is sanity

Answer 5

politics.....