How was the licensing policy misused …
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Posted by Dimple Grover 5 years, 1 month ago
- 2 answers
Yogita Ingle 3 years, 5 months ago
The license policy was misused by the big industrialists. It was found that often the industrialists obtained licenses not for starting a new firm but in order to prevent the competitive firms from entering the market. Moreover, the licensing system was inefficient and corrupted. Huge time and effort of the industrialists was lost in obtaining the licenses.
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Gaurav Seth 5 years, 1 month ago
The license policy was misused by the big industrialists. It was found that often the industrialists obtained licenses not for starting a new firm but in order to prevent the competitive firms from entering the market. Moreover, the licensing system was inefficient and corrupted. Huge time and effort of the industrialists was lost in obtaining the licenses.
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