PRICE CONTROL & GOVERNMENT INTERVENTION IN BUSINESS: A STUDY ON BANGLADESH

Abstract

The Interim Government of Bangladesh has been interfering in the distribution channel of business; accusingly arguing that price fixing-up of essential commodities is unethically being done through hoarding or warehousing. Counter balancing the private sector, Bangladesh Rifles (BDR) have got the assignment to act as retailer; they fix-up prices themselves that are relatively cheaper than the open market raising many peoples eye brows as if it is the Government interference in the private business domain! How far it is appreciable in the context of open market or free economy practice. Questions arise about the open-trade policy or controlled–economy! How far Government is responsible in pricing of a product or services. Question arises as to why warehousing needed, and how far be stored. Whether prohibiting or restricting Stock-holding by law is viable in the open economy philosophy. Or who will control the Inventory- Government or the management. Whether the pricing is over priced or fixed in the inter-action of economic factors and market fundamentals.