Saturday, August 20, 2011

How does business firms influence the environment?

Individually, business firms can do little to change their economic environment. Collectively in a capitalist economy business firms can do a lot to make economic environment conducive to their activities.



Business firms now organize their associations through which they attempt to influence policies of the government.

In India, the Confederation of Indian Industry (CII), the Federation of Indian Chamber of Commerce and Industry (FICCI) and the Associated Chambers of Commerce and Industry of India (ASSOCHAM) are powerful organization of the business.

They exercise considerable influence on the government and thereby attempt to mould economic environment in their favour.

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