The primary responsibility of a growing economy is to protect every individual to gain and enjoy benefits of an economic reform.
The economic reforms are meant to de-regularte the markets to bring in efficiency and competitiveness in the market. Fiscal policy means the policy relating to public revenue and public expenditure.
The primary responsibility of a growing economy is to protect every individual to gain and enjoy benefits of an economic reform.
A lopsided reform, ignoring social security for its own people, would certainly push the domestic market into turmoil.
It would further increase disparity among people leading to restlessness and uncertainty.
Itโs a common sense that economies thrive in peaceful environment.
Therefore, reforms along with increased spending in social security network systems would ensure sustainable growth in an economy.
From the Book โ โ Know Everything about Corporate Social Responsibility โ
Available on Amazon.in
Also Read:
- What is Crony Capitalism?
- What Is Capitalism?
- What is Socialism?
- What is Free Enterprise?
- What is Third World?
- What is the Fourth World?
- What is Sustainable Economic Growth?
- What is Inclusive Growth?
- What is Industrialisation?
- What are the Effects of Industrial Revolution in India?
- What is Industry?
- What is Business?
- What is a Business Organisation?
- What is Corporate?
- What is a Startup?
- Who are the Stakeholder?
- What is a Multinational Corporation?
- What is Competitive Advantage?
- What is Foreign Investment?
- What is Economic Reform?
- What is Industrial Reform?
(India CSR)
