Economic System of Bangladesh
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Transcript of Economic System of Bangladesh
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Economic System of
Bangladesh
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Introduction• An economic system is a system of
production, resource allocation, exchange, and distribution of goods and services in a society or a given geographic area. • As such, an economic system is a type of
social system. The mode of production is a related concept
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What Is Economic System• Economics is the social science that analyzes
the production, distribution and consumption of goods & services. • It’s a mechanism which deals with the
production, distribution and consumption of goods and services in a particular society.
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Types of Economic SystemThere are four major types of economic system exists mainly in this world. i.e • Capitalist Economic System - All the economic sector owned by
individuals is a capitalist country. • Socialist Economic System - Country having all the economic sectors
controlled by the Govt• Islamic Economic System - Where Islamic laws & institution prevails • Mixed Economic System - Co-existence of both public sector and
private sector.
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Economic System of Bangladesh
• In Bangladesh, public & private based economy is existing together. • As Bangladesh public & private sector in the lead of
it’s economy, it’s a country with Mixed Economic System. • As Bangladesh public & private sector in the lead of
it’s economy, it’s a country with Mixed Economic System.
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For Example• According to “Wikipedia”, (2016), Among 47 Bank’s
on Bangladesh• 8 are state owned• 31 are Private• 8 are Islamic Based
Central Bank of Bangladesh, Named ‘Bangladesh Bank’ rules over all the banks of Bangladesh. Here we get the theme of Mixed Economy system in Bnagladesh.
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Development Through Mixed Economic System
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ConclusionAs a developing country, obtaining 43rd position in world economy. After late 1975, it developed private sectors to develop its economy and became a country with Mixed economic system which boosted our economic state a lot. Finally, it can be said that, Mixed economic system is the best economy system of Bangladesh but it would be more better if it became Islamic Economic System