Skip to Content
Politics, Ethics and Social Responsibility of Business
book

Politics, Ethics and Social Responsibility of Business

by Usha, Bhanu;Krishna, K. V. Murthy
October 2010
Intermediate to advanced content levelIntermediate to advanced
232 pages
9h 1m
English
Pearson India
Content preview from Politics, Ethics and Social Responsibility of Business
47
WELFARE STATE |
Economic – social programmes perform a range of economic functions, including the regulation of
demand and structuring the labour market.
Social – social programmes are used to promote objectives regarding education, family and work.
Market Failure – in certain cases, the private sector fails to meet social objectives or to deliver eff cient
production, due to such things as monopolies, oligopolies or asymmetric information.
Economies of Scale – some services can be more eff ciently paid for when bought ‘in bulk’ by the
government for the public, rather than purchased by individual consumers. The highway system, water
distribution, the f re department, universal health and national defence are some examples.
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Corporate Social Responsibility

Corporate Social Responsibility

David Chandler

Publisher Resources

ISBN: 9789332506497