Q. 24.8( 5 Votes )

How would flexibi

Answer :

companies are the backbone of the economy. Their productions are imported and exported worldwide which boosts the economy.

The government brings flexibility in the labor laws to help companies in making profits.

1. Socioeconomic Zones are one such flexibility. These are the regions where the companies are freed from paying taxes if they set up a production unit in these areas.

2. The government eased the law of hiring workmen. The companies are allowed to hire people for short periods. This is done to reduce the cost of labor for the company.

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