Institutional frameworks shaped business environments from "summary" of A Business History of India by Tirthankar Roy
The business landscape in India has been significantly influenced by the institutional frameworks that have been put in place over time. These frameworks have played a crucial role in shaping the environment in which businesses operate, impacting everything from regulations and policies to market structures and competition. One of the key ways in which institutional frameworks have shaped business environments is through the establishment of legal and regulatory frameworks. These frameworks set the rules and guidelines that businesses must adhere to, governing everything from contract enforcement and property rights to labor laws and environmental regulations. By providing a clear and consistent set of rules, these frameworks help to create a level playing field for businesses and ensure that they operate in a fair and transparent manner. In addition to legal and regulatory frameworks, institutional frameworks also encompass social and cultural norms that influence bu...
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