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

Sinnathurai, Vijayakumar

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.
utb.fulltext.sponsorship	-
utb.fulltext.projects	-