Natural disasters and its effect on the affected countries.

http://www.bbc.co.uk/news/science-environment-19254685 When a natural disaster occurs within areas prone to disasters, economically they need to spend a lot of money in order to re-establish the area and protect it from future disasters. The price elasticity of demand refers to the responsiveness of the quantity demanded of a good to a change in its price when all other influences on buying remains the same. Demand itself can be elastic,...

Read More

Piracy and its Effects on the Economy of Seychelles

http://www.un.org/africarenewal/web-features/%E2%80%98invest-people%E2%80%99-says-seychelles-president The economy of Seychelles depends largely on its exportation of fish and Tourism. With the Somalian pirates entering the waters of Seychelles, this causes a large loss in the tourism and fishing industry. The government has to use the resources they have in order to ensure the security of the people with the help of other international delegations. As...

Read More

Demand and Supply-The Increase of Sugar Supply

According to an article called ‘Sugar supply to be increased from Thursday’ from The Star (29 June 2010), the author stated that the Government will add 10% more sugar supply to wholesalers and retailers nationwide starting from Thursday until September. Below is an excerpt from The Star,  "The additional supply is to meet the high demand for sugar, especially during the coming festive season," he said when winding up the debate on the...

Read More

Price Floor- Minimum Wage in Malaysia

   According to an article called PM: Minimum Monthly Wage is RM900 from The Star (30April 2012), the author stated that the Prime Minister of Malaysia has set the minimum monthly wage as RM900 for the private sector employees. Below is an excerpt from The Star, PUTRAJAYA: The minimum monthly wage for private sector employees in the Peninsular has been set at RM900 and RM800 for those in Sarawak, Sabah and Labuan,...

Read More

Individual 2- Baby Milk Price

Parents want Milk for Babies to be made a Price Controlled Item According to the news, Parents want Milk for Babies to be made a Price Controlled Item, 6 October 2012 which taken from the Star online, http://thestar.com.my/news/story.asp?file=/2012/10/6/nation/20121006163308&sec=nation, the manufacturers seems to raise the baby milk prices to a higher price in the market to gain more profit. Nowadays, the price for the baby milk is getting higher...

Read More

Individual 2- Analysis for Home Prices in China

Home Price Gains in China According to the article, Home Price Gains in China Cool, 7 September 2012 taken from the Star newspaper, it mentions that prices for newly construct homes in China rose in fewer cities in August than the previous month. It also mentions the policymakers will not make any policies to hold back the price of the house which indicate that they will let the price of the houses continue to increase. In order to build more houses, China...

Read More

Individual 1- About the tourism

     According to : http://www.worldwatch.org/node/3920  With the development of science and technology,and people's life become better and better,people gradually have higher requirements on their quality of life.Not only the material, the soul is the same,they don't ...

Read More