importance of joint hindu family- an affectionate business in 200-300 words
Answers
Importance of joint family.: A joint family has very great importance in modern societies. A family when lives together with all where all the family members live together up to 2nd generation like grand parents, parents, uncle, aunts and their children and others is called a joint family . It helps one and all in many respects. The sharing of resources with the cousins and sisters help their parents to minimize the expenses on their child.
This is very favorable for the business.
Joint Hindu Family cannot be formed or created by any legal contract or signing an agreement because this organization came into existence by the operation of the "Hindu Law". It is not formed by any agreement like partnership firm. the elder member of the family here is called "karta'' . Karta controls and manages the whole family business and all other members of family work under his supervision.
Importance of joint Hindu family- an affectionate business:
- Joint Hindu family can be regarded as the benefit to the business because by agreeing the contract the business will be run on the basis of the Hindu law.
- This establishment is done so that the businesses will not be broken down within the organization due to the petty reasons.
- Apart from this, the joint families are regarded as the gifts of God as they are composed of Uncles, Aunt, father, mother, and Children.
- The joint families help in maintaining the bond of the family to a greater extent so that each and every person in the family will be inert in solving the problems in the society and in the family.
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