Question

3 discuss the gandhian tradition with special reference to importance and relevance of trusteeship principle in modern business.

Answer 1

According to the Gandhian Concept of Trusteeship, "All business firms must work like a Trust." All assets of the firm must be held by a 'trust' and must be used for the welfare of the society. The firm must keep only a small part of its profits for the honourable livelihood of its owners.

Answer 2

Answer:

Hello

According to the Gandhian Concept ofTrusteeship, "All business firms must work like a Trust."

All assets of the firm must be held by a 'trust' and must be used for the welfare of the society