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List out the impact of Government policy changes in business and industry.

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Impact of Government Policy Changes on Business and Industry: 

The government policy of liberalisation, privatisation, and globalisation has made a definite impact on the working of enterprises in business and industry in terms of the following. 

1. Competition for Indian firms has increased. 

2. The customer’s wider choice in purchasing better quality of goods and services. 

3. Rapid technological advancement has changed/ improved the production

process.

4. Enterprises are forced to continuously modify their operations.

5. Need for Developing Human Resources arise.

6. There is a shift from production oriented concept to market oriented concept

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