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Applicability Of The Theories Of Monopoly And Perfect Competition -Some Implications

Author

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  • Ravinder Rena

    (College of Arts and Social Sciences Eritrea Institute of Technology)

  • Gobind M.Herani

    (Indus Institute of Higher Education (IIHE))

Abstract

This paper highlights and demonstrates the technical and economical impact of technical textiles in the industrially developed countries and their future contribution to the development of economics of newly developing countries, such as China, South East Asia, and North Africa etc.Pakistan still lags behind in technical textile products as neither the government nor the textile industry has made any serious efforts towards synchronizing textile products with the emerging needs of the world market by developing higher valueadded products.Although the textile sector is the backbone of Pakistan’s economy, the Government as well as the textile industry has kept their focus on conventional textiles, ignoring technical textiles and knowledgebased products.A special focus is placed on the application of technical textiles related automotive, medical, construction/civil engineering and sportswear’s fields.

Suggested Citation

  • Ravinder Rena & Gobind M.Herani, 2007. "Applicability Of The Theories Of Monopoly And Perfect Competition -Some Implications," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 3(1), pages 11-21.
    • Handle: RePEc:aib:ibtjbs:v:3:y:2007:i:1:p:11-21
    DOI: https://doi.org/10.46745/ilma.ibtjbs.2007.31.2
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