Disadvantages of state trading, Microeconomics

Disadvantages of State Trading

State trading has several disadvantages.

(i) State trading is often afflicted by the corruption and inefficiency usually associated with the public sector.

(ii) It is alleged that state trading promotes bilateral trade as against multilateral trade and obstructs free trade.

(iii) State trading eliminates or reduces competition and entrepreneurship.

Posted Date: 3/13/2013 1:27:17 AM | Location : United States







Related Discussions:- Disadvantages of state trading, Assignment Help, Ask Question on Disadvantages of state trading, Get Answer, Expert's Help, Disadvantages of state trading Discussions

Write discussion on Disadvantages of state trading
Your posts are moderated
Related Questions
The idea for the national accounts came during the 1930s depression in the U.S., when decision-makers wanted to get a better sense of by how much economic production had fallen. Si

Explain in detail the concept of PPC with suitable eg.


Estimating the Educational Structure of the Labour Force in the Economy for the Target Year The educational levels of persons within each occupational structure for the base y

Wealth Tax: A tax in that owners of specific forms of wealth (likereal estate, financial wealth, or inheritances) should pay a specified proportion of that wealth to government, us

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

How economic theory explain optimum pattern of consumption for an individual consumer

If, for a specific project alternative, the discount rate equals the Internal Rate of Return, then the (discounted) Benefit Cost Ratio will equal unity (i.e., BCR=1.0). Define I

Cost Sharing in Higher Education - Graduate Tax Another commonly suggested measure is to tax the employers employing educated manpower. The case for this method is made on the

buyers cannot tell whether any given car is a lemon. The percent of all cars that are lemons is theta. How much is theta when all cars offered are sold?