Free market means a market economy that is based on
demand and supply with small scale or also no government control at all. An
entirely free market is a glorify form of a market economy where consumers and
suppliers are allowed to conduct, freely. It is based on a common agreement on
the price without state intervention in a format of subsidies, regulation and
taxes.
I have
analyzed a few free markets economy and Malaysia seems to be a free market.
Although Malaysia is a mixed market, but by following the government ways,
Malaysia has elements of free market economy. The Malaysian government upgraded
the free market with boundary state intervention and export -oriented
manufacturer. It exports to the international market were used to wanting to upgrade organized use of country's assets and generate hard currency, which was necessary for catching up and further developing into areas of technological and industrial innovation. The most powerful economic policy in date is the new economic policy in the year 1971 that is introduced by the government to leaden ethnic disproportion, to get rid of poverty and to upgrade the economic rank of the Bumiputera. Malaysia has been a free market economy consistently. Socialism and Communism never made any progress in Malaysia with their halfway plans economic theories.
Observation with the Government-owned companies and State Economic Corporations had been made, but these existed in collaboration with private programs. Unlike many recent self-governing countries, strict nationalism, which always results in the nationalization of unknown firms, did not bring up its intolerant head in Malaysia.
Observation with the Government-owned companies and State Economic Corporations had been made, but these existed in collaboration with private programs. Unlike many recent self-governing countries, strict nationalism, which always results in the nationalization of unknown firms, did not bring up its intolerant head in Malaysia.
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21 comments:
After reading this, now I know more about Malaysia and free market economy. Good job
Oh thanks for info ya:)
easy to understand
malaysha marketing is very nice market place.
read more....
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