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Economic Activities of Bangladesh

Presented by; Group-(E-2)

Members;

1.Mahmudul hasan koly-854

2.Kamal Hosen-862

3.Utkalita Rahman Mukhor-1205

4.Nafisun Jahan-1480

5.Md.Saifullah-1487

Out line

A.What is Economic activities?

B.Major economic sectors in Bangladesh

C.Basic Problems in Economy of Bangladesh

D.Contrivance to remove economic problems

E.Reference

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A. WHAT IS ECONOMIC ACTIVITIES ?

Man’s activities which are related with money is called economic activities. But in economics the definition is : when man directly or indirectly performed his activities with a view to earn money then it is called economic activities.

According to Prof. Thaman ;“Economic activities is the function of production, consumption, & exchange.”

Primary Secondar

yTertiary

Source : Bangladesh Economic review (2008) , Economic Adviser’s Wing , Finance Division , Ministry of Finance & higher secondary economics

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B. MAJOR ECONOMIC SECTORS IN BANGLADESH

1. Agriculture

2. Fishing

3. Industry

4. Trade & commerce

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B.1 AGRICULTUE

The overall contribution of the broad agriculture sector , comprising mainly

of agriculture & fisheries is projected at 20.87 % of the total GDP at

constant prices in FY 2007-08 against its contribution of 21.37 % in FY

2006-08. Here , agriculture & forestry is estimated at 16.23 and fisheries

is about at 4.64 % . According to BBS , the final estimate for food grains

production in FY 2007-08 was 311.21 lakh metric tons ( Aus 15.07 lmt ,

Aman 63.62 lmt , Boro 177.62 lmt & wheat 8.44 lmt )

Various reform measures have been taken by the government to

development in agricultural sector :

1. Fertilizers at the door stapes of the farmers .

2.Implimentation of the agricultural extension policy

3.Creating opportunities for investment in agriculture

4.The utilization & extension of the integrated technologies .

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Map showing the growing areas of major agricultural products.

Map source: Wikipedia, the free encyclopedia

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B.2 FishingB.2 Fishing

Bangladesh has lots of rivers, ponds, hoar, boar, costal area which is very suitable for fishers. Bay of Bengal situated southern part of Bangladesh is great sources of fish. Fisheries act important role to fulfill requirements of protein, earn foreign currency and remove rural poverty.

Depending on the sources Fisheries are two categories-

Inland Fisheries Marine Fisheries

Inland capture Marine industries

Inland culture Marine artisanal

In FY 2006-07 , the total production of fish was 23.29 lakh metric tons . In FY 2007-08 the total production of fish is 24.41 lakh metric tons . It is increased about 1.12 lakh metric tons higher than the previous year . At constant price the contribution of fishery sub-sector is 4.64 % to the total GDP of FY 2007-08.

Production in fishery Export of Fish & Fisheries Product :

Total fish production :

Internal – 78.57 %

Coastal -- 21.43 %

Inland fish production :

Shrimp culture -- 7 %

Flood plain – 31 %

Rivers -- 11 %

Bil -- 5 %

Sunder ban -- 4 %

Lake -- 1%

Pond -- 44 %

Baor -- 0 %

Fisheries sector has earning a

huge foreign exchange.

Bangladesh export frozen shrimp

and other fish & fisheries products

to USA, UK, Japan , France , Hong

Kong, Singapore , Saudi, Arab ,

Sudan & other developed

countries . In FY 2005-06 , 68829

metric tons of fish and fisheries

products were exported from

Bangladesh which earned Tk.

3030 crore .this Was increased to

73703 metric tons in FY 2006-07.

Source: Banglapeidea(2008) 8

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FISHING ZONE(BAY OF BENGALFISHING ZONE(BAY OF BENGAL))

Three major fishing grounds of Bay of Bengal:

(i) South Patches (6,200 sq km) lying between 20°50'N-21°40'N and 91°E-91°E;

(ii) Middle Ground (4,600 sq km) lying between 20°50'N-21°20'N and 90°E-91°E; and

(iii) Swatch of no Ground (3,800 sq km) lying between 21°N-21°40'N and 89°E-90°E.

Source: Banglapeidea(2008)

B.3 IndustryThe contribution of the industrial sector to Bangladesh

economy is on the increase . In FY 1880-81 , the

contribution of broad industrial sector to real GDP was

17.41 % which increase to 29.66 % in FY 2007-08 .

The greater industrial sector includes four sub-sectors :

a) mining & quarrying b) manufacturing

c)

construction d) energy , gas &

water supply

Source: Bangladesh Economic review (2008) , Economic Adviser’s Wing , Finance Division , Ministry of Finance , Page no – 22 , 23 , 97 10

sub-sector : Manufacturing sub-sector : Manufacturing

Among the sub-sectors of industry , the contribution of manufacturing sector is the

highest . According to provisional estimate , in FY 2007-08 the contribution of this sector

to GDP is 17.77 % which is 0.22 % higher than that of the previous year .

EPZ’S OF BANGLADESH

Uttara EPZIssardi EPZAdamjee EPZMongols EPZKarnafuli EPZChittagong EPZComilla EPZFeni EPZDhaka EPZMeghna EPZ

Source : Source: Bangladesh Economic review (2008) , Page no – 22 , 23 , 97 & WWW.google .com

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Present major industry of BangladeshPresent major industry of Bangladesh

Source : Banglapeidea (2008)

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B.4 TRADE AND COMMERCEB.4 TRADE AND COMMERCETrade is the voluntary exchange of goods, services, or both. Trade is also called commerce. A mechanism that allows trade is called a market. Trade between two traders is called bilateral trade, while trade between more than two traders is called multilateral trade.

Commerce: The distribution activities of products is called commerce.

Way of trade and commerce

By sea transportBy air transportBy railway transportBy road transportBy river transport

Types of trade and commerceInternal trade :Trade which is occurred in the internal part of country is called National trade

International trade: Trade which is occurred between two or more countries is called International trade.

SOURCE : Higher Secondary Commercial Geography

C. Basic Problems in Economy of BangladeshC. Basic Problems in Economy of Bangladesh

a) Poor per-capita income

b) Backwardness in Agriculture

c) Backwardness in Industries

d) Explosion in population

e) Lack of skilled Manpower

f) Lack of efficient Organizer

g) Scarcity of Capital

h) Unemployment problem

i) Undeveloped infra-structure

j) Scarcity of natural resource

k) Lack of proper use of resources

l) Vicious Circle

Fig : Vicious Circle

Source: Secondary social science (1996)

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D. Contrivance to Remove Economic Problems D. Contrivance to Remove Economic Problems

a) Modernization in agriculture

b) Industrialization

c) Deposition of capital

d) Proper use of natural resources

e) Construction of infra-structure

f) Controlling of over population

g) Creating job opportunity

h) Expanding job oriented education

i) Pragmatic planning

j) Poverty reduction strategy

k) Eradicating corruption.

Source: Secondary social science

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E. REFERENCEE. REFERENCE

Geography of Bangladesh Haroun Er Rashid Secondary Geography Dr.Shamsul Alam Higher Secondary Commercial Geography Kazi Faruki Higher secondary economics Mustafizur Rahaman Azker Bisshaw Gholam Mustafa Kiron Banglapedia 2008

Current Affair’s2008 (December)

Statistical Pocket Book(2005-2009)

Bangladesh Economic review (2008) ,Economic Adviser’s Wing , Finance Division , Ministry of Finance

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