Need for Research to Look into Falling Sales Trend In Bangladesh
2 Pages Posted: 29 May 2009 Last revised: 11 Aug 2013
Date Written: May 26, 2009
Currently the world economy is experiencing a serious financial crisis. The largest economies of the world have failed to tackle it. Due to their inherent weaknesses, the smaller economies may face more problems than the highly industrialized and the rich ones. Bangladesh is a least developed country (LDC) and would like to be a middle income country within 2015. In this regard, it has no alternative, but to become industrialized. After its independence in 1971, its economy has advanced a little compared to that of Malaysia or Vietnam. To develop an economy, it has to increase production to such a level that it can achieve the economy of scale. Because, the more is the volume of production, the less is the unit cost of goods produced. The total production of a country is not exported. Local consumption plays a vital role in increasing production.
Suggested Citation: Suggested Citation