• Èêîíà çà ñìÿíà íà åçèêà íà áúëãàðñêè
  • Icon to change language to english

Economic Strategies for Transformation of Neoclassical Paradigm and Competitions in Industry

Authors
  • R. Velu
  • SRM Deemed University, Kattankulathur

Keywords
Neoclassical paradigm, competition

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.

JEL: E13
Pages: 9
DOI: 

More titles

  • Demographic and Institutional Conditions of Economy

    In this paper we focus on the impact of demographic dynamics and the social and political relations, respectively on their institutional framework....

  • Practical and Applied Aspects in Investigation of Impact of Material Funds over Liquidity of the Firms in Subbranch "Nuclear energetics"

    The opinion that ratio of current liquidity can’t represent as accurately financial firm position as ratio of quick liquidity is widely spread in economical literature and practice. This statement is based on the idea that material funds require large time period to become financial resources. This article represents an empirical analysis about ...

  • “Black" or Negative PR as Competition Tools

    Negative PR-technologies are not obvious. Some of them are the result of careless talking, writing, creating slogans and trade-marks. One second group results from destroy someone’s public reputation. The less transparent third group concerns strongly negative methods applied to create awareness, sympathy, and complicated part of dealing with ...