Explain the Neo Liberal Model of participatory management of South Asia.
The individualist model or neo liberal model has its roots in the classical and neoclassical theories of private.or "free"markets as the only rational vehicle to improve the material welfare of the rich and poor alike. The individual'sright to private property in the means of production is the fountainhead of enterprise, and competition among these individuals is the assured way of efficiency. More importantly, it is also regarded as the basis of a just order, because free markets reward the participants according to their contribution in.the process of production. The uneven distribution of ______ ___ _____ __________ ______ _____ ______ ________ ____ _________ ____ __________.
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