Majumder Md. Alauddin
Pertanika Journal of Tropical Agricultural Science, Volume 23, Issue 2, June 2015
Keywords: Consumer surplus, Firm, Market, Producer surplus, Social business, Social welfare.
Published on:
This paper attempts to analyze the idea of social business - a brainchild of Dr. Muhammad Yunus and a very recent addition to the economic thoughts. It tries to show the welfare implications of social business with the help of graphical illustrations. It also provides an overview of the idea. Drawing upon the simple frameworks of monopoly and competitive markets, the graphical analyses show that conversion of traditional business companies into social business companies results in increased social welfare
ISSN 1511-3701
e-ISSN 2231-8542