Market Driven Economy

Market dictated thriftiness Subhajit Chatterjee M.B.A 2nd year, IAME ( Bangalore) ecosubha@gmail.com Abstract The treatment “ food grocery store place” has effect to the highest degree synonymous with the word “ parsimoniousness”. Today when we be in a great transition after the “fiscal Tsunami” of 2008, the single hope lies with the possibility that the foodstuff will capture its offset again .So as the globe has gradu eachy get under ones spit out one single securities industry, the human being sparing sight the “market” itself as the most influencing performer. The Market System could not issue until change in economic activities became accepted and calling practices developed. So this research work seeks to understand the gradual slip of economy from the classical to Keynesian and Keynesian to neo-classical ages and then towards the disembarrass globalised capitalist economy and how market has b ecome the most influencing factor of all those transformations; the determinant market factors of the Great Depression of 30’s to the Financial Recession of 2008, considering both socialistic and capitalist aspects.

This reputation is also intended to examine how the Indian Economy has been influenced by the market (domestic and International), what are the possible trends of global market driven economy for coming years , what are the possibilities of substitute of world economy’s most influencing power US market by the emerging market of BRIC countries’. Key wrangle: Market & Economy, Economic theories, market forces, globalization, recession, trends, prediction s. 1. Introduction Market economy cou! ld be defined as a system of allocating resources base only on the interaction of market forces, such as add on and demand. Now the two words “demand” and “supply” are not enough to keep an eye on the influence of market on economy. The market directs the individuals activities into some involve in which he best serves the needinesss of his fellow men. There is in...If you penury to get a full essay, order it on our website: OrderEssay.net

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