1. Business Environment : Concept, Significance, Components of Business Environment and Factors Affecting Business Environment, 2. Social Responsibilities of Business, 3. Economic System : Capitalism, Socialism, Mixed Economy and Communism, 4. Public Sector, 5. Private Sector, 6. Industrial Policy : Its Historical Perspective, 7. Socio-Economic Implications of Liberalisation, Privatisation and Globalisation (LPG), 8. Role of Government in Regulation and Development of Business, 9. Monetary Policy, 10. Fiscal Policy, 11. Export-Import Policy (Exim Policy), 12. Foreign Exchange Management Act. (FEMA) 1999, 13. International Business Environment, 14. Trends in World Trade, 15. WTO : Objectives and Role in International Trade.