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Can market contribute of the reduction of inequality and poverty in Sri Lanka?

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dc.title Can market contribute of the reduction of inequality and poverty in Sri Lanka? en
dc.contributor.author Sinnathurai, Vijayakumar
dc.relation.ispartof Hradec Economic Days 2012, pt II
dc.identifier.isbn 978-80-7435-172-3
dc.date.issued 2012
dc.citation.spage 215
dc.citation.epage 220
dc.event.title 10th International Scientific Conference on Hradec Economic Days 2012: Economic Development and Management of Regions
dc.event.location Hradec Kralové
utb.event.state-en Czech Republic
utb.event.state-cs Česká republika
dc.event.sdate 2012-01-31
dc.event.edate 2012-02-01
dc.type conferenceObject
dc.language.iso en
dc.publisher Gaudeamus
dc.relation.uri https://uni.uhk.cz/hed/site/assets/files/1051/proceedings_2012_2.pdf#page=216
dc.subject poverty en
dc.subject invisible hand en
dc.subject market failure en
dc.subject resource allocation en
dc.subject economic growth en
dc.description.abstract Many economists emphasize that economic growth is necessary to lift the county out of poverty. This growth occurs when market forces are allowed to determine the prices of different products on the market to stimulate productivity and innovation. Markets allow free entry and exit of economic agents. This facilitates market forces of supply and demand to determine prices. At this stage, resources are redistributed in society by an 'invisible hand' to meet the needs of the population. Even though, market is a best allocator of resources, government intervention is also important to regulate the economy. The government should have market friendly approach which stimulates economic growth and thereby reducing poverty and inequality. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1007330
utb.identifier.obdid 43868036
utb.identifier.wok 000393447500036
utb.source d-wok
dc.date.accessioned 2017-09-08T12:14:41Z
dc.date.available 2017-09-08T12:14:41Z
utb.contributor.internalauthor Sinnathurai, Vijayakumar
utb.fulltext.affiliation Sinnathurai Vijayakumar Tomas Bata Univerzity in Zlín vijai114@gmail.com
utb.fulltext.dates -
utb.fulltext.references [1] DHANAPALA, T. R. W. Determinants of the regional poverty incidence in Sri Lanka and the impact of the estate sector population. Annual research journal of SLSAJ , Vol. 6, 2007, pp95-101. [2] DILENI, G. Poverty Measurement: Meanings, Methods and Requirements . Centre for Poverty Analysis, Colombo, 2004. [3] DUNHAM, D., KELEGAMA, S. Stabilization and Adjustment: A Second Look at the Sri Lankan Experience1977-1993. The Developing Economies , Vol.XXXV,1997, no.2,pp 207-219 [4] DWIVEDI, D. N. Microeconomics: Theory and Application , Pearson Education, India, 2005. [5] EDWIN, MANSFIELD. Applied Micro Economics , W. W. Norton and Co. 1997. [6] SEN, A. K. Poverty and Famine. Oxford University, London, 1984.
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