There are a large number of hypotheses that were presented by various studies which show a negative or positive relationship between resource abundance and economic growth. One of the earliest assumptions was affirmed by the French philosopher Jean Bodin in 1576, who declared that: “Men of a fat and fertile soil, are most commonly effeminate and cowards; whereas contrariwise a barren country make men temperate by necessity, and by consequence careful, vigilant, and industrious”. The 1950's an...
A Budget Deficit And its Implication in Indian Economy India budget is presented in parliament on a date fixed by president. Part A of budget deals with general economic survey of country while part B relates to taxation proposals. Our financial Minister is required to submit the budget in parliament usually on the last day of February so that the Lok Sabah has one month to review and modify the budget proposal. If by April 1, the beginning of the country's fiscal year, the parliament discuss...
A monopoly is a market in which a single sellar sells a product which has no substitute.A monopoly (from the greek word " mono" meaning single and "polo" meaning to sell). A monopoliest is a firm that is the only sellers of product ( good or services) that has no close substitute. Toothpaste coal and salt is under of monopoly . best example of reilways. There is two types of monopoly. 1 PURE MONOPOLY- is that market situation in which thereis absolutely no substitute of the product and the en...
1.0 INTRODUCTION For years Malaysia has been practicing Sell Then Build concept in the housing development and for years also, the concept has contributed to various types of problems, mainly to house buyers. Budget 2013 proposed that the Government will allocate RM100 million to the Ministry of Housing and Local Government to revive 30 abandoned housing projects. From 2009 to 2012, some 178 housing projects were declared abandoned of which 112 were restored, 67 were being restored while the ...
Why do you think it is important for managers to understand the mechanics of supply and demand both in the short-run and in the long-run? Give examples of companies whose business was either helped or hurt by changes in supply or demand in the markets in which they were competing. These assignments have been assigned for understanding the importance of the mechanism of supply and demand as a manager in the short run and long run. I will discuss how the companies are affected by the law of sup...
Introduction To start with, presently, the sugar industry is grouped by gradually increasing domestic consumption by the people in Malaysia and all over the world. And the consumption of sugar is enhanced by industries that produce food materials. Like this, the demand for sugar is high. The supply side is probably not expandable due to the small production based sugar companies around. Shortage of Supplies The term of supply refers to the entire relationship between the price of a product an...
During the late 18th and 19th centuries, Great Britain established colonies and protectorates in the area of current Malaysia; these were occupied by Japan from 1942 to 1945. In 1948, the British-ruled territories on the Malay Peninsula formed the Federation of Malaya, which became independent in 1957. Malaysia was formed in 1963 when the former British colonies of Singapore and the East Malaysian states of Sabah and Sarawak on the northern coast of Borneo joined the Federation. The first sev...
Recently, I read an excellent article by Abbie E. Smith and colleagues titled: "Effects of β-alanine Supplementation and High-intensity Interval Training on Endurance Performance and Body Composition in men; a double-blind trail (6). The authors contributed quite significantly to β-alanine research since at the time, it was the first study to investigate the concurrent effects of β-alanine supplementation and high-intensity interval training (HIIT). Participants were randomly assigned to t...
2002 was the first date when the original negotiations started between three countries: Chile, New Zealand and Singapore. The original name of this agreement was known as the Pacific Three Closer Economic Partnership (P3-CEP), its talks started on the sidelines of the 2002 APEC Leaders' Meeting in Los Cabos, Mexico, by Prime Ministers Helen Clark of New Zealand, Goh Chok Tong of Singapore and Chilean President Ricardo Lagos1. In April 2005 Brunei took part as a full negotiating party at the f...
Governments and central banks many times attempted to manipulate the currency value by interventions and adjustments of interest rate in the past, but normally these attempts were episodic and asynchronous, thereby having no significant impact on the global economy. The only widely acknowledged currency war occurred in the 1930s and turned the American great depression into the global one. The recent events outlined below forced the economists and politicians to speak of a threat of a new glo...
