Legal Environment in Business: India
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Legal Environment in Business: India

Explore the regulatory environment in the Indian business sector, including the Companies Act, MRTP Act, Consumer Protection Act, and international laws like GATS. Learn about laws related to patents, import-export, licensing, and more.

Created by
@HarmoniousVeena

Questions and Answers

What primarily causes changes in the business cycle?

Interest rates

How do businesses contribute to an economic expansion?

By boosting the overall supply through expanding production

What is one effect of increased interest rates on borrowing?

Decreased likelihood of borrowing for both firms and consumers

How does a decrease in consumer expectations affect the economy?

<p>Reduces consumer spending and slows the economy</p> Signup and view all the answers

What causes a downward spiral in an economy according to the text?

<p>Fall in aggregate demand</p> Signup and view all the answers

How do high investments impact the business cycle?

<p>Result in conditions of expansion and boom</p> Signup and view all the answers

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