Meeting Mass Consumption Needs: Some Options
Author(s) -
Labdhi Bhandari
Publication year - 1977
Publication title -
vikalpa the journal for decision makers
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.241
H-Index - 23
eISSN - 2395-3799
pISSN - 0256-0909
DOI - 10.1177/0256090919770304
Subject(s) - consumption (sociology) , product (mathematics) , monopoly , business , industrial organization , product differentiation , commerce , secondary sector of the economy , economics , marketing , market economy , economy , social science , geometry , mathematics , sociology , welfare
This article discusses the role of industrial sector in meeting mass consumption needs. Product mix of the consumer products industry in the organized sector primarily caters to elitist markets. The problem is further accentuated by the restrictions imposed on large industrial units, monopoly houses, and multinationals on the one hand, and the relative lack of success of small and cottage sectors in catering to mass consumption needs on the other. The author suggests a systematic approach for identifying product areas requiring public policy attention and determining the roles of various sectors of industry for meeting mass consumption needs.
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