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Major Assignment
Business Environment BBA 3755
Submitted To: Mohan Basnet
Prepared By: Romina Shrestha
LC
Nepal Business College
Annotation : This Assignment is prepared as the second major assignment of
Business Environment headed by our faculty teacher Mohan B. Basnet. It is
about the theoretical framework on the dimensions of Nepalese economy.
In Context of theoretical framework. Explain the dimension of Nepalese
economy.
The dimension of Nepalese economy consist of various sectors. The national income is not solely generated by one of the facets of economy but it includes various facets that contributes for national income as well as growth of economy. These dimension of economy are also known as structure of economy consist of; demographic forces, income level, income distribution, growth of industrial and agricultural development, balance of payment, rate of inflation, urbanization, globalization. In context to Nepalese economy we have 3 sectors that contributes for national income they are;
- Agricultural sector (32%)
- Industrial Sector (13%)
- Service Sector (55%) Economic Sectors in Nepal (% of GDP at current prices) Sectors 2000/01 2005/06 2010/11 2015/ Agriculture 36.58 33.58 36.50 31. Industry 9.46 8.09 6.7 13. Service 53.56 58.11 56.8 54. Total 100 100 100 100 Note: Agriculture includes forestry and fishing, Industry includes Manufacturing and mining, Service includes trading and retailing. 32.00% 13.00% 55.00% Agricultural Sector Industrial Sector service sector
The supply side performance includes saving, investment, productivity, and capacity utilization.
- The Socio- Economic Dimension: This dimension of economy indicates the demographic features that directly or indirectly affect business environment. It is composed of both quality and quantity attributes of people that has certain or major influences on market. The size, distribution, density, growth, population, age, gender mix, migration are some of the factors that are underneath of this dimension. Similarly, it includes cultural values, society’s perception. For example every society has unique identity different among others, which is also responsible for creating distinctions and variations where in context to Indian society either religiously or personal beliefs Indians, they reject beef product and most of them prefer vegetarian hence, beef, buff butchers shops are in low rate.
- The Agricultural and industrial dimension : Agriculture includes forestry and fishing whereas industry includes manufacturing and mining. Agriculture is the major occupation of Nepalese people, farming, growing crops, cattle, fishing and so-on seems favorable here in Nepal. Industry is related to the production of goods and services it is the secondary sector of Nepalese economy. This dimension of an economy reflects the potential to supply good and services to the consumer and raw materials for industry. 4. The Economy- Development Dimension: the pattern of economic development of a country largely depends upon the system of national planning. The direction and priority of the development of different sectors are reflected development plans. They also portray the development policies and strategies along with the allocation of resources in different sectors of the economy. Conclusion In conclusion, these four facets of dimensions of an economy collectively determines the soundness of economy which means that the synergy of these 4 (economic, socio-
economic, agricultural & industry, and economic – development) dimensions represents the economy of a country.
