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