Monetary policy is guidelines that provide the monetary authority of a country in regulating the supply of money and to stabilize the growth of economy. In Malaysia, Bank Negara Malaysia (BNM) conduct monetary policy based on s22 of Central Bank of Malaysia Act 2009 by influencing the level of interest rates that borrowers have to pay on their loans and depositors earn on their deposits. During the peak of economic overheating and when the threat of inflation is high, monetary policy will be ...
Perfect competition exists when there are many buyers and sellers in the market, selling the homogeneous product and no one can influence the price. In perfect competition consumers have the complete information about the product and price. Main assumptions of Perfect competition There will be many buyers and sellers in the market. There are no barriers to exit and entry. No individual buyer will affect the market price. Consumer will have complete information about the product and price The ...
Abstract With the development of technology, Internet shopping has entered people's life nowadays. However, some consumers are still reluctant to purchase online due to some perceived risks. The purpose of this paper is to introduce Internet shopping, trying to use the theory of online risk and trust to analyze problems facing it and find corresponding solutions to ensure e-commerce growth. In order to give a concrete picture, the paper will illustrate measures which have been undertaken by e...
India with its developing economy and world's second largest population, is characterized by a huge labour market. The demand of labour never matched with the supply of labour in India for a number of reasons like lack of skills, illiteracy, economic recessions and lack of governmental policies. As a result, considerable percentage of the population were unemployed and are under below poverty line (BPL). The wages offered to unskilled labours are not adequate for a decent household living. In...
As of one the post-soviet countries, Russia represents a cohort of transitional economies, among which are most of the Former Soviet Countries (FSU) that are now commonly called Commonwealth of Independent States (CIS) and some of the Easter and Central European countries. Despite the size territory, Russia boasts a modest labour force which is easily dwarfed by international comparisons: in year X, the country had a total active working population of [x]m people (US: [x]m, Japan: [x]m). At t...
Introduction The major focus of this report is the Swiss economy. This report involves a wide range of different factors (PEST analysis) that have influenced the business environment in Switzerland. And this report also provides Swiss economy outlook in 2009 and 2010. Introduction to Switzerland MapSwitzerland.gif Note: Retrieved from http://www.travelslang.com/zTravelGuidesSwitzerland.html Area: 41,285 sq. km Cities: Capital--Bern (population about 123,000) Population (year-end 2009 est.): 7...
The establishment of a practicable system of economy: - Islam encourages the economy to work in natural way and roots of which are very practical without any exterior forces to do so. That put forth the very reason of being a human to perform at its natural capacity level without exploitation of oneself. Enabling every one to get what is rightfully due to him:- Islam being a religion beyond boundaries allow people to earn wealth by actually participating in the work process thus earn the weal...
Monopoly is the situation in which there is a single seller of a product (i.e., a good or service) for which there are no close substitutes. The word is derived from the Greek words monos (meaning one) and polein (meaning to sell). Governmental policy with regard to monopolies can have major effects not only on specific businesses and industries but also on the economy and society as a whole. Types Oligopoly: Is a situation in which sales of a product are dominated by a small number of a rela...
AirAsia recorded a 26.01 revenue growth from RM3,133 million in 2009 to RM3,948 million in 2010. The revenue growth in 2010 was boosted by an increasing number of guests, as reflected in their passenger load. In 2010, AirAsia Group's totalled passenger load has increased to 78% from 75% in 2009, or to 25.68 million passengers from 22.70 million passengers. This may resulted from AirAsia's free ticket campaign in 2010, they achieved sales of 538,000 tickets on the first day of the campaign com...
The market organization is in the way in which a market is planned, derived from mainly on the quantity of firms in the business. The four essential market organization forms are perfect competition, monopoly, monopolistic competition, and oligopoly. The most important dissimilarity among each one is the amount of firms on the provide area of a market. Equally perfect competition and monopolistic competition contain a great amount of comparatively little firms advertising production. Oligopol...
