Hidden Monopoly in the Free Market
2 Pages Posted: 23 Jul 2008 Last revised: 11 Jan 2015
Date Written: July 24, 2008
Global free market economy is comparatively a better concept of market structure. Free market economy ensures full competitive market where rights of buyers as well as sellers will be protecting. Now let's try to know what free market is? A market will be treated as free market when it fulfills the following conditions: a. Price of the product will be fixed upon buyers and sellers bargaining, b. there will no influential actions taken by anybody to control demand and supply, and, c. there will no actions taken by government to fix up products price, etc.
But, what we are observing in Bangladeshi market by the name of free market economy? Is it is the face of free market? Here sellers are not going to compromise with the buyers, sellers are fixing price of one product according to his part there is no options to take it otherwise by the buyers. Buyers has no role to play either he can buy or left the store. The first condition of free market economy is showing thumbs by the sellers.
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