What are the advantages of forming a joint venture. Advantages and disadvantages of living in a joint family a joint family was a phenomena found only in india of the bygone days. Firstly the common right on the joint property is productive from the point of view of agricultural productions. Essay on joint family system definitions, types and characteristics the joint family is also known as undivided family and sometimes as extended family. In joint family there is a close supervision over the antisocial and unsocial activities of the young member. Top 10 advantages and disadvantages of joint family world blaze. The term joint family defines a family that extends beyond the nuclear family.
Growing up in a joint family comes with its own set of merits and demerits. Joint hindu family business, partnership, cooperative societies, and. A family when lives together with all family members up to 2nd generation like grand parents, parents, uncle, aunts and their children is called a joint family. Advantages and disadvantages of living in a joint family. However, with the passage of time, the joint family. A joint family consists of related members of a family living under the same roof, and conversely a nuclear family is just a single family. You can discuss anything with them as the understand you and your family better than others. This helps them in preserving the good family tradition and customs of joint family. Joint hindu family business has generally limited financial and managerial resource. It often creates parasites who love to feed on others income. Joint family have many advantages like the grandparents have many experience and my thought who. Some of the advantages of joint family system may be discussed below.
I come from a generation where i saw my parents, uncles and aunts living in a joint family. It is true that if grandparents are in the family that they always try to give better discipline to their loving child. May 12, 2018 a joint family is a form of family where the grandparents, father, mother, and children along with their aunt, uncle and cousins live unitedly under one roof. Families exist in some every form, and every person is or was a member of a family. Dec 10, 2017 disadvantages of a joint family every single thing on this earth will have disadvantages along with its advantages. The joint family also suffers from a number of disadvantages. Following are the advantages of a joint familydisciplines. Firstly, the joint family can be centred as a source of litigations, quarrels and conflicts due to many reasons.
Youngsters who prefer social life with better support system prefer joint families. Therefore, it cannot undertake big and risky business. With the introduction of western culture, modernization and changing lifestyles concep. Family is where our roots take hold and from there we grow. This impact is stronger during the childs early years but continues throughout their school years. While discussing about the advantages and disadvantages of nuclear family, the first and foremost point pops up in the mind of a person is privacy of life.
Hindu undivided family huf the joint hindu family business or the hindu undivided family huf is a unique type of business entity. Joint family nuclear family parents must watch show. In this age where people prefer to live alone and the joint family. The system is an extended family arrangement prevalent throughout the indian subcontinent, particularly in india, consisting of many generations living in the same home, all bound by the common relationship. Joint family vs separate family joint family vs nuclear. The success of joint hindu family business is mostly dependent upon the efficiency of the karta and the mutual understanding between the coparceners. This system could prevail for decades for several reasons. There are some genuine differences in the two concepts. Essay on joint family for students in easy words read here. To each according to his needs, from each accord to his abilities. Finally, the spirit of oneness prevails in a joint family system.
Youngsters who prefer social life with better support system prefer joint. A joint family also undivided family, joint household, extended family system is a large undivided family where more than one generation live together in a common house. In joint families, elderly parents will get the support of children. A joint venture created to complete a certain task or project. May 01, 2020 the biggest benefits of joint family, that will sum up all of the benefits of joint family, is that you are going to get the maximum amount of joy and fun in your life. Young parents will get the help of their parents in raising kids. One can only understand the true benefits of joint family after living in a joint family. The joint family is gradually becoming a passing phenomenon. The main defects of the system are said to be the following. Individual family culture vs traditional family culture.
Nowhere else in the world is this a legal form of business entity. Most of the families have become nuclear families and moved out from the large and joint family system. Nuclear family vs joint family nuclear family or joint family i was lucky enough to see both. The joint family is very important and has a very significant gesture to the indians which is why many families prefer to hold such methods of coexistence. Disadvantages of joint hindu family business 1 limited. In a joint family, the wealth is distributed equally among all the members. All the members, regardless of which particular nuclear family within that joint family they belong to, live. The joint venture brings along many advantages to the firm as long as the objectives accomplished. The advantages of living in a joint family are many.
It refers to a form of organization wherein the business is owned and carried on by the members of the hindu undivided. Essay on joint family for students in easy words read. Benefits of joint family are very impact full and more over, its impact are long lasting. Joint family and nuclear family linkedin slideshare. Learn more about the pitfalls of a joint family system. What are the benefits of the joint family system in india. More affection and love between family members better attention to individuals by different family members nuclear family make members of family more responsible. Due to this a member cannot focus to develop ones own personality. Due to all members of the family living together, they should build trust among. It normally consists of members who at least belong to three generations.
It is governed and dictated by the hindu law, which is one of the several religious laws prevalent in india so who all are members of such an organization. Only in the joint family, special moments such as various festivals and marriages seems so wonderful and entertaining. Free essays on joint family advantage and disadvantage through. Joint family helps foster love within a family so that people can be closer to each other for the good of the family. The advantages of joint family includes family m embers never be alone, you have persons to look after your kids, works c an be shared, expenses can be s hared, guidance will be there, caring. Compositiona typical nuclear family consists of a husband, a wife, a couple of children. People with ancestral property and with old grandfathers still living, usually stay in joint families. Let us learn about this form of organisation and its unique features. Any member who brings in extra money has equal status. Many members involve in the joint family such as the one generation live together in an ordinary house due to which certain advantages come handy are. A joint family is a form of family where the grandparents, father, mother, and children along with their aunt, uncle and cousins live unitedly under one roof. Joint family is the home for idlers and drones as the nonearning members do not want to earn their livelihood.
Nevertheless, this type of business is losing its ground with the gradual decline in. It, however, still survives in some rare instances, but even there the forces of decay are creeping in. Advantages and disadvantages of joint stock company. In the olden days, the joint families were what were very common and there are many advantages and. Starting a joint venture is a great way to save money andor split costs. What are conclusions,advantages and disadvantages of. In the olden days, the joint families were what were very common and there are many advantages and disadvantages in being both a joint and a. Indian subcontinent is famous for the family set up and the joint family structure. Be more accepting of people and their different natures. Advantages and disadvantages of joint family, importance. There is always a lack of motivation among the members to work hard. In a joint family system basically all the members of the family live together under one roof and are related to each other. The major advantages of joint family are stated below. Joint family joint family is also known as extended family.
Joint family is more wealthy as more earners are in place. Joint family have many advantages like the grandparents have many experience and my thought who are beneficial for us when they are share for us. The benefits of staying in a joint family are as follows. Let us look at some of the advantages of a joint venture that mentioned below. The importance of joint family is understood by the indians since time immemorial. The joint family system is a feature of agricultural societies. Many background variables affect the impact of the family and home environment such as. Members of a family usually live under a common roof. The meaning, advantages and disadvantages of joint family has been discussed in this article.
Merits and demerits of joint family your article library. Top 10 advantages and disadvantages of nuclear family india. A joint venture, like a general partnership is not a separate legal entity. Characteristics of a joint hindu family business 3. What are the advantages and disadvantages of text messaging. Joint family is better than single family while they have care and love with each other. Joint family vs nuclear family group discussion ideas. Joint families are the traditional families in india especially in villages and small towns.
Property belongs to the family as a whole and all family income is pooled together. Whenever any problem is situated, then rarely other p. This really meant that, the parents with all their children and grandchildren stayed together under one single roof. Usually, fast food is higher in soya, fat, sugar, oil, fried meat, salt, cheese, mayonnaise and obviously calories. However, the benefits of living in a family of 14 instead of 4 are. Joint families are more wealthy as more earners are in place. If joint family system has received the highest praise for its many advantages, it has no less been vehemently denounced. Joint family includes grandparents, uncles, aunts, cousins, mother, father and children living in the household. The importance of joint family is understood by the indians since time immemorial but while young people are going advanced with their lifestyles, they are shy away from living jointly with their parents and grandparents.
Essay on joint family system definitions, types and. Various definitions of the family includes special. Once the joint venture has met its goals the entity ceases to exist. Money management and control in the joint family core. Advantages joint family joint people have more people so more support in case of crises. In this age where people prefer to live alone and the joint family concept has been losing significance, one should look at the advantages and disadvantages of the joint family. Learn about the importance of different relations in our lives.
Merits and demerits of joint family system in india 1572 words. Family planning allows women to determine when they want to get pregnant and provides some health benefits 3 4. Women and couples who make joint decisions can use birth control to avoid pregnancy until theyre ready to conceive and. These are in existence in countries as china and india whose economy is based on agricultural produce. When both the parents are working, this support will be of great help. The joint hindu family business or the hindu undivided family huf is a unique form of business organisation found only in india. Advantages of joint family the advantages of a joint family are more than one can count. Partnering with a business that has complementary abilities and resources, such as finance, distribution channels, or technology, makes good sense. A childs family and home environment has a strong impact on hisher language and literacy development and educational achievement. Advantages of living in a joint family italk blog royal sundaram.
This special kind of family structure is joint family system. Advantages advantages joint family nuclear family joint family have more people so more support in case of crises. Introduction the family is a basic group of society. For the indian students of sociology, the study of the indian family system deserves special attention, not only because they are born in indian families but also for here the family system differs in. International joint ventures are very common nowadays. Aug 06, 2019 joint hindu family business, partnership, cooperative societies, and. It is a fact that fast food is more unhealthy than homecooked meals, as it contains higher amounts. Hence, the joint family puts into practice the concept. In simple words, joint family is that family in which more than one generation lives together. The greatest disadvantage of fast food is the adverse effect that it has on ones health. Jan 29, 2018 joint family can be compared to a tree, just like the tree has many branches, in the same way, joint family is not one family rather it consists of many families living together under one roof. Revenues, expenses and asset ownership usually flow through the joint venture to the participants, since the joint venture itself has no legal status. But at the same time due to work requirements people shift from their hometowns. Free essays on advantage and disadvantage of joint family.
Many advantages can be attributed to joint living in the hindu family. Well, any person born into the family boy or girl up to the next coming three generations is a part of. Disadvantages of a joint family every single thing on this earth will have disadvantages along with its advantages. Importance of joint family although in a joint family, shared the equal workload, expenses, and other things with each other, so that the burden of work will not be faced by an individual person. A joint family is a collection of more than one, nuclear families that are interconnected by blood relations or marital relations. This is a great opportunity to cooperate with people from different countries and combine our strengths. The unity among its members is a great strength to face and remove any obstacles with sheer courage. The joint family, as a wider social group that the hindus evolved, has been praised by some indian and european writers. The advantages of joint family includes family members never be alone, you have persons. What are the advantages and disadvantages of family planning. The joint hindu family business is a distinct form of organisation peculiar to india. Following are the advantages of a joint family disciplines.
In india, the joint family system has been in existence since ancient times. Joint hindu family business is the oldest and specific form of business organization found only in india. Advantages and disadvantages of joint family answers. What are the advantages and disadvantages of family. In a joint family, the grandfather or the eldest male member is the head. Another advantage of joint family is that it acts as an agency of social control. Pdf family is where our roots take hold and from there we grow. He is the one who takes all the major decisions of the family. Kids will have the guidance and support of grandparents.
Sep 23, 2016 advantages advantages joint family nuclear family joint family have more people so more support in case of crises. All children can have the right to get an equal share of love, care, guidance and education by parents and grandparents. Aug 16, 2017 joint family can be run successfully if the members remain committed to each other with balanced feelings of kindness, charity, oneness,high moral, character, and foresight. Oct 21, 20 joint family is an empowered form of family. Historically, for generations india had a prevailing tradition of the joint hindu family or undivided family.
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