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Free Market Economy: Free market economy is an economic system where a government has little or no control over the demand and supply of commodities. In this market system, buyers and sellers meet to trade and to dertermine prices and quantities for goods and services. Adam Smith proclaimed that the invisible hands of markets would lead to the optimal economic outcome as individuals persue their own self- interest.

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Write a precis of the following paragraph and provide a title:The stated intention of most regulators is to maintain stability within the financial services sector, thereby protecting the consumers whom banks serve and the 'real' economy which the industry supports. Every shock to the financial system must result in casualties. Left to itself, natural selection should work fast to eliminate the weakest institution in the market, which typically are gobbled up by the successful. But most crises also usher in new rules and regulations, as legislators and regulators rush to stabilize the financial system and to protect consumers who are also voters. The critical point is that the possibility of extinction cannot and should not be removed by excessively precautionary rules. As Joseph Schumpeter wrote more than seventy years ago, 'This economic system cannot do without the ultima ratio of the complete destruction of those existences which are irretrievably associated with the hopelessly unadapted.' This meant, in his view, nothing less than the disappearance of 'those firms which are unfit to live'. It remains to be seen whether the extraordinary measures taken by Western governments since September 2008 will have the desired effect of preventing complete breakdown of the financial system or whether they will in fact end up impeding the process of financial evolution.
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Appropriate central bank response to persistent fiscal dominance will vary according to specific country situations, but in all cases they need to be unrelenting in strong advocacy for fiscal restraint, insisting on stabilization of public debt and growth of tax bases in tandem with expansion of public expenditure, so as not to let sovereign borrowing levels strain financial stability. Also, central banks should maintain real interest rates at such levels to dissuade borrowing binge by public and private also be needed occasionally. Beside these steps in terms of traditional role in the private profit driven market economy framework, promotion of pursuit of socially responsible business ethos would help consulate stability, by curbing debt addiction and short term speculative profit seeking at the expense of log terms sustainability in the real and financial sectors. (Translate English to Bengali)
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The economic growth of Bangladesh decelerated to 5.24 percent in FY20 from 8.15 percent in FY19 in the aftermath of the economic slowdown caused by a government-declared lock down to prevent the contagion of COVID-19 pandemic. Bangladesh's government and Bangladesh Bank undertook a range of coordinated fiscal, monetary, and macro-prudential policy actions which included stimulus packages and easy credit availability in order to cushion Bangladesh's economy from the fallout from the pandemic. The overriding objectives of these policy measures are to minimize the negative impacts of the pandemic and to bring economic activities back to the pre-COVID-19 level. These policy measures are expected to make financing conditions easy for investors, entrepreneurs bodies who now can access more favorable financing sources to resume their business in full swing It is hat the economy will recuperate from lost investment and consumption and bounce back to the economic growth momentum observed in the last decade. (Translate into Bangla)
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