Archive | Business Studies

The substance of industrial relations covers a wide range of aspects such as the following: 1. The structure of the economy and labour market 2. Constitutional provisions, legal frameworks, and labour standards (international and national; statutory and voluntary).

The main aims and objectives of all EOs are similar though they may vary to some extent in matters of detail. To take all steps which may be necessary for promoting, supporting, or opposing legislative and other measures affecting or likely to affect directly or indirectly, industry, trade and commerce in general, or particular interest.

The objectives of the labour policy in economic planning in India in the post-independence period can be classified into two categories in terms of the two economic eras: the plan era and the transition-to-market era.

Economic activities are classified into three sectors: primary, secondary, and tertiary. To begin with, most economies are engaged in primary (agricultural) activities. As industrialization takes place the secondary (manufacturing) sector comes to account for the bulk of employment and GDP.

The major trends in the labour market are. I. Recruitment ban/squeeze in public sector and government employment. II. Increasing open unemployment. III. Decreasing formal sector employment in relative terms.

Mahatma Gandhi proposed the trusteeship approach. A trustee is one who holds property in trust for another/others. For Gandhi, trusteeship is the application of the law of God to human society and human institutions.

The following are the most common trends in the employment pattern: I. Declining stability and security in employment II. Declining labour intensity. III. Shift from contract of service (employment) to contract for service (self-employment/ business relationships).

Technology, global competition, and ownership changes through privatization and transnational mergers have all resulted a phenomenon of ‘doing more with less’ and a consequent reduction in workforce for improving competitiveness.

The occurrence of labour disputes (total man-days lost due to labour disputes normalized by the total number of factory employees) in Kerala is among the highest in the country and, invariably, labour is criticized for the industrial backwardness of the state.

Industrial relations have been heavily influenced by the conditions prevalent in the post industrial revolution scenario and in the capitalist system of production. Later changes were caused by developments in the wake of the IT revolution and the rapid technological progress, which is still causing discontinuous changes.

Read the below given details for learning about Reserve Capital, Subscribed Capital and Authorized Capital.

The following are the main distinctions between a partnership firm and a company.

The capital of the company can be divided into different units with definite value called shares.

The main differences between Shares and Stocks are as follows

Statutory books are those which a limited company is under statutory obligation to maintain at its registered office. The main statutory books are

A prospectus means any document describe or issue as a prospectus …