R. Velu
Economic Strategies for Transformation of Neoclassical Paradigm and Competitions in Industry
Summary:
The present research article describes the three components of the neo classical economic paradigm namely, free market, public choice and market friendly approach. How these three components are being applied to the various organizations, particularly, the competitive industries have get benefits. However, the global industries of various economic regions showed inefficiency and suffered from negative externalities and pollutions. And so, TO CHANGEOVER THE NEOCLASSICAL PARADIGM, THE SUSTAINABLE DEVELOPMENT PARADIGM was suggested: how the sustainable development paradigm encompasses the environment and economics to steady state economic growth: for what the world industry and society to do all that were discussed.
