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
#question#.problems and its solution of microecnomics

Calculate the number of moles in 15.8 grams of aluminum hydroxide

Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of

The marginal rate of substitution (MRS) quantifies the quantity of one good a consumer will sacrifice to get more of the other good. – It is calculated by the slope of the indif

Q. Explain about Banking Cycle? An economic cycle that results from cyclical changes in the attitudes of banks toward lending risk. When economic times are good, bankers become

Define Amagat law of partial volume, Amagat law of partial volume The total volume of a mixture of non reacting gases at constant temperature & pressure is equal to sum of indiv

Problem: i) What is meant by ‘own' price elasticity of demand? What factors are likely to affect the size of this elasticity? ii) A publicly owned bus line is running at

when total production fall what,s the status of average product and marginal product

if the inverse demand curve is p=120-Q and the marginal cost constant at 10, how does the monopoly a specific tax of 10 per unif affect the monopoly optimum and welfare of consumer

using the basic Keynesian model answewr the following parts carefully using the relevant diagrams. what happens to the equilibrium level of GDP(Y) given the following: a) a reducti