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.
It’s 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 – ‘ Know Everything about Corporate Social Responsibility ‘
Available on Amazon.in
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- What is Industrialisation?
- What are the Effects of Industrial Revolution in India?
- What is Industry?
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- Who are the Stakeholder?
- What is a Multinational Corporation?
- What is Competitive Advantage?
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