Joint hindu family an affectionate business project for 12th

Asked by admin @ 17/08/2021 in Business Studies viewed by 301 People

Importance of joint hindu family- an affectionate business in 200-300 words

Answered by admin @ 17/08/2021

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.

Joint hindu family an affectionate business project for 12th

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