Journal

Free market economy is one the best way for economic & business development of a country or a state to survive in the present market scenario
Because of the following reasons
The best economy in world which having huge GDP is following the free market method trade, majority of the fortune five hundred companies in the word are for countries where free market trade is followed. Companies like wall mart, mc donals ,kfc virgin, uniliver group have been growing at very high rate because they are not dependent on government there is change in government in every 5 years which effects the polices of a government run company.
In countries like India, Brazil, china which are the potential leaders of the future are converting to the free market because of the limitations of government
When GDP is growing at rate of 8-9 % per annum
There is infrastructure issues but the government cannot fund the grown partially so in the above countries free market is followed when the company build the roads etc and collect money from public “bot “system build operate and transfer.
Transnational companies:
Transnational companies are which will survive in the longer term because of varied reasons such as different products different countries differs practices of management assess to various capital markets and banks, dew to different markets even if there is a slow business in one market It can sustain due to the other markets it has diversified geographical locations with will help sanitations like war natural disnature.
Other factors life bulk purchase, long term planning, and marketing cost leverage of the band value access to raw materials.
In globalized market smaller companies are eaten up by bigger companies, so it is not practice possible for small organizations to face the transnational organization so they give-up or sell out big companies for example there are only about four example there are only about 4 big cement brands in India there fore each brand has a marker share of about roughly 25% each the prices these company offer are very attractive and have very good image in the market small companies cannot start up cement factories or service with there low production or brand value
This industry clearly shows there is n place for small players.
GDP: is one of the best method of for measuring economic prosperity of the country because it takes in to account the total production & services export of the country , when production is accounted other factors like foreign direct investment s are also taken into so whatever a person does for living is measured. So it covers all aspect there for economic prosperity is know
GDP is not the best methods for measuring standard of living because
Issues like pollution, social discrimination, Issues like income inequality, education and health of the individual of the society and population size cannot be determined by measuring GDP