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Business as a social system

Social environment

Social responsibility of Business

Consumer rightsCorporate Governance

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1.Social Environment

Social sector is one of the most important sector in the developing economies

in the world.

Its broadly refers to the service available in the following fields:

social Environment

Poverty and poverty alleviation programs Labor and employment

Development of women and children

Education

Health

Population and family welfare

Empowerment of socially disadvantaged

Public amenities in rural and urban areas

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Poverty and poverty alleviation

programsPoverty: Powerlessness ,lack of representation and freedom,scarcity.

Measuring Poverty:

Country level

Global level

Millennium development Goals(MDGs)

Priorities for developing &Developed countries

Priority of International financial Institution

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Labour And Employment

To provide the work opportunity to people

ILO has identified 20 indicator of labour market some of them are as follows

Labour force participation rate

Employment to population ratio

Status in employment

Employment by sector

Parttime worker

Youth unemployment

Unemployment by educational attainment Labour productivity

Labour market flow

Poverty and income distribution

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Women in workforce

To improve the quality and quantity of

employment for women.

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Child Labour

Government has adopted two scheme National

child labour project scheme(NCLP)and

granting aid to voluntary organization for

taking up action oriented program in the field

of rehabilitation.

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Education

The primary aim is to achieve 100% literacy rate among the

population.

The education policy is divided under the following heads in

India:

Elementary Education(SSA

University and Higher Education

Technical and Professional education

Adult Education

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Health, Population and Family Welfare

Several centrally sponsored scheme for the

control of infectious diseases.

Some other Schemes introduced are with

regard to the reduction of maternal and infant

mortality .

Universal Immunization program

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2. Social responsibility of Business

Social responsibility is a voluntary effort on the

part of business to take various steps to satisfy

the expectation of different interest group.Lets consider the

following points: Public image

Government regulation

Survival and growth

Employee satisfaction

Consumer awareness

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3. Consumer right

As per the Consumer Protection Act(CPA)1986

To be protect marketing of goods and services.

Inform about the quality ,quantity, potency, purity, standard and price ofgood.

To seek redressal against unfair or restrictive trade practices.

To be assumed wherever possible ,access to a variety of goods andservices at competitive price

To right to consumer education

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4. Corporate Governance

Governance is the process whereby people in

power make decision that create, destroy or

maintain social system, structure and Process.

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conclusion

The social sector of India Work toward the upliftment of the people .in spite

of the economic growth some of the important issues that need to be

addressed are:

Reduction in the number of the people living below poverty line

Improving working conditions and providing employment opportunities Stabilization of population

Development of women

Supply of proper sanitation and drinking water facilities in rural as well as

urban areas

100% literacy among the population

Immunization of all children and eradication of diseases