Economic development refers a sustainable increase in living standards. It implies increased per capita income, better education and health as well as environmental protection. In this study, Economic development is defined as a process of achieving a positive growth all over the structural components of the development. This study grabs both the political and economic history of Bangladesh. It’s a bit advance step to understand the trend of economic development. This paper attempts to recommend for a better development. Last segment of the paper has been pregnant with a new term “Democratic Capitalism” for forecasting on future Bangladesh. And of course, this study gives a floor us for a good scope to work on economic development.