No products in the cart.

Explain any two impacts of government …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Explain any two impacts of government policy changes on business and industry
  • 1 answers

Sia ? 3 years, 1 month ago

The two impacts of government policy changes on business and industry are:

  1. Increasing competition: As a result of changes in the rules of industrial licensing, entry of foreign firms creates competition for Indian firms, especially in service industries like telecommunication, airlines, banking, insurance, etc which were earlier placed in the public sector.
  2.  More demanding customers: Government policies leading to economic liberalisation allow consumers to become well-informed, increase their purchasing power  (through rising incomes) and change their lifestyle, which makes them more demanding about quality and value-driven products/services.
http://mycbseguide.com/examin8/

Related Questions

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App