During the period 1950 – 60 ’s when
Government took initiative and established
Public Sector Companies , Regional & National Institutions to meet the economics & social
requirements of the country.
That was the right decision of
the time. Lots of employment opportunities and quality education available to
common people.
Monopolies trade practices were introduced
for sustainable development and growth.
In 80’s onward to sustain the countries
economical and technological growth Govt. Open doors to the world and
Globalisation and Liberalisation era of economic development started .
Lots of Multinational Companies , Technology transfer
& Industrial collaboration initiated
by Govt. Private Institutions for professional education encouraged to meet the
fast growing need of educated and skilled professionals.
Monopolies trade practices needs to change the business
practices in competitive environment for survival and growth. Competition broke the monopolies and benefits to the consumers
and leads sustainable industrial
development.
Monopolies and competition need to go
together for benefits of people , growth
and development of the Nation.
Prepared and compiled by: S.K.Udaiwal
No comments:
Post a Comment