The main goal of firms is profit maximization. Market (various firms) do not always take effective steps to alleviate poverty, eliminate inequality and solve various social problems (such as reducing child mortality rate in the country). There are some areas of the economy that the market is not encouraged to settle. The need for selected Government intervention For example, if the government privatizes Bangladesh Railways, there will be possibility of creating a monopoly – you will be able to arbitrarily determine the fare of train tickets. We believe that overall economic growth and development is accelerated through the competition of different firms and individuals (Examples: Search Engine Market, Labor Market) in the market.Īs a proponent of “Market Economy”, the political party of Bangladesh, after coming to power, will privatize many of the government profitable institutions including government banks.Ĭare should be taken in the privatization process – so that there is no possibility of monopoly. The need for selected Government intervention.Economic Ideology for Political Party in Bangladesh
0 kommentar(er)
