Business enviornment Essay Example | Topics and Well Written Essays - 2000 words

Business enviornment - Essay Example The counter for the Planned Economy is the Mixed Economy. The Mixed Economy has provided an opportunity to the private stake-holders to invest and contribute in the economic development of the country. The balance of power and equilibrium is maintained between the private and public stake-holders. The economic policies formulated are implemented only after the incorporation of the recommendations of the private stake-holders. The production capacity of the private sector is non-conditional, and the private companies have the right to avail any business opportunity locally and internationally. The contribution of the private sector is therefore tremendous under the concept of mixed economy. The mixed economy offers freedom to private- sector produce and expands as per their plans; however this is strongly discouraged under the concept of planned economy. The overall economic performance of the country is assisted by the contribution of the public and private sector, and it is importan t for the government to take lead and monitor the business plans of these sectors. The private sector is basically interest-driven sector, and many significant and critical factors of the country's economy are ignored by the private-sector while defining their economic targets and production plans.