BUSINESS ENVIROMENT — OCM STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceOCMBUSINESS ENVIROMENT5 Marks
Question
Sectorial changes bring about a favourable business environment.
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Answer
All the three sectors of an economy are dependent on each other and so development of one sector will lead to the development of the other. For example, to boost agriculture sector, people will have to adopt mechanization i.e. have to move towards industrial sector. Once the production rises, the country will require a strong infrastructure of services such as warehousing, transportation, communication, insurance, etc.
So, sectorial changes bring about a favourable business environment.
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