Article | Open Access | Published: 25 May 2007
Applicability of the Theories of Monopoly and Perfect Competition-Some Implications
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Abstract:
This paper highlights and demonstrates the technical and economic 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 value-added 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 knowledge-based products. A special focus is placed on the application of technical textiles related automotive, medical, construction/civil engineering and sportswear’s fields.
Keywords:
economic impact, textile industry, developing countries, civil engineering
Publisher:
ILMA UNIVERSITY
Published:
25 May 2007
Issue:
Issue 1 : Volume 3
E-ISSN:
2409-6520
P-ISSN:
2414-8393
This is an open access article distributed under the terms of the Creative Commons Attribution CC BY 4.0 license, which permits any use, distribution, and reproduction of the work without further permission provided the original author(s) and source are credited.