May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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| 108 | Part II: Economic Systems and Policies
Relating to Business
the basic needs of masses of people. Rather, resources are used
more for the production of luxury goods for the rich than for meet-
ing the needs of the poor. In India, for instance, although agricul-
ture is an important link to supply essential goods to the poor, this
is under-invested and as a result the so-called wage goods are not
produced in required quantities for mass consumption. On the con-
trary, a lot of resources are utilized for production of luxury goods
such as consumer durables including colour televisions, washing
machines, music systems and so on. These most ...
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