Market Provision of Quality: Impact of Economic Growth
Published By: Centre for International Trade and Development - J | Published Date: September, 01 , 2012Over the past three decades, the world has witnessed economic growth accompanied by widening of income inequalities. In the face of rising income inequalities, it becomes imperative to ask what happens to the quality of various products provided in the market when economies
experience economic growth. This has serious implications for the poor consumers if the product has safety or health hazards. The paper suggests a regulatory measure to prevent such deterioration in the quality of the inferior variant.
Author(s): Sangeeta Bansal | Posted on: Mar 16, 2016 | Views() | Download (171)