Malaysias Management of Resources

Malaysias Management of Resources 1.0 INTRODUCTION Economies can be defined as, thrifty management of resources, such as land, labour, capital and enterprenuership learned to practice economy in making out the household budget. In factors of production there are commodities or services used to produce goods and services. And also explores how people and society try to use resources available , which have many different uses, in order to produce different goods and distribute among people. According to economist Lionel Robbins who defined economics as The science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. The primary factors facilitate production but neither become part of the product as raw materials. One of the factor of production is mainly called Land includes not only the site of production but natural resources above or below the soil. What is scarcity? Scarcity is a things that has some problems in economic having because of humans nature unlimited needs and wants. Humans were always wants more and more thats unlimited goals. This world has a limited resources which can be used. What will happened when all of the four factor of production is limited? Factor of productions is defined as the input that used in the production of goods or services in the attempt to make an economic profit and also production can be defined as the resources that required to generaton of goods and services. This resources are generally classifeid into four major groups which are land, labour, capital and enterprenuership. So what is land? One of the factor of production is mainly called land, includes not only the site of production but natural resources above or below the soil. Land is a natural resource that whose supply is generation by generation fixed. Land contains natural resources that a production of good and also a capital goods. Example of the natural resources in land is petroleum, coal, diamond, timber, gold and many more. If this land is became limited there are huge problem will this world faced, some of the problem is natural resources cannot be extracted or maybe become limited. Among this there a another factor of production is called capital, what is capital? Is that capital is important to our economy? Capital is a money. Capital played main role in this factor of production because the capital is helped we to buy the raw materials, machines, equipment, tools and many more. The next factor of production is labour. What is the meaning of labour? Labour is means the people is working for a wages. The size of a labour force can be determined by population of adult in a country. Labour consists of the both physical and mental abilities of the workers to work in a company or in a working place to get a wages. Lets say the labour has been limited, what will happened? They cannot produce goods and sevices, example like, if one companys labour is limited the production of product will stopped and will effect the company, because of this the economy will be effect. The last things in factor of production is entrepeurnership is a defined as a businessman, is a individual who uses all the resources effectively to run production. He should be risk taker and wiling to accept new challengers or wiling to accept lost or profits on their business. 1.2 WHAT IS SCARCITY? In other word for scarcity is means not enough resources. The main cause this scarcity is happened because of unlimited needs and wants of human. For an example just ask with the people out there would you like more luxury life most of them will answered Yes. People were looking foe more money for buy more goods and services. This problem not only carried by poor people its also to most wealthy people were include in this problem. In any time this world can be limited amount of goods and services such as for land when we compared Malaysia and Singapore, Malaysia has big land then Singapore, so the land is so limited to Singapore then Malaysia. In Singapore the singaporeans can built their own property like houses and more this is called scarcity. The example of capital became limited is to run one company he must have capital for the production if its limited there are dont have any company industry. Limitation of third factor of production is labour, for example if the labour became limited the are no one to work at companies, and the companies will not run any production. Lastly about enterprenuer, lets take that the enterprenuer is became limited what wiil happened, there are no new production of product, the procduction not run as planned and more. To outcome these factor of production problem, must tasks on the evidence of scarcity, the evidence of plenty and research why this problems were created. What is really the opportunity cost means? Opportunity cost is a cost of next best alternatives from all. CONCLUSION As a conclude, every country has it own resource, we must balanced the factor of production and if one of this factor of production land, capital, labour or enterprenuership is limited is must cause the growth of economic. If dont have land they cant built any company, if capital became limited we cant pay wages to labour, if labour became limited no workers in companies if enterprenuer no new product, so must balanced and protect our factor of production. QUESTION 2 Malaysia, a mixed economy attempts to combine the advantages of Free Enterprise System and the Central Command System. The price mechanism is allowed to operate but in some cases the price mechanism fails or works against public interest. Identify the ways by which the State can intervene to correct the defects. 1.1 INTRODUCTION Production, distribution, and consumption of good and service were a branches of economics in science. What is ecomomy system? Economy system is a planned organization and structure of production. Allocate of economic inputs, distribute of economic outputs and consumption of goods and services in an economy. Economy system are separated into three major economy thats named planned economy, mixed economy and lastly free market economy. There are three different types of organization economy plan that also very tight and some confortable and some of economy plan is very freedom. As I told the three economy system, this is first economy system called planned or command economy, this system is fully controlled by the goverment. There are no arguement or such things in that country because the country is very strict and on the mission and vision to achieve so when the country planned system the mission and vision will achieve more quickly. Free Market Economy is an system based on power of division of labour in which the prices of the goods and services are determined in a free prices system set by supply and demand and the decision taken by individual household and firms and with no goverment intervention. The price also as how much they produce. Mixed ecomony were controlled by partly goverment and partly through the market. 1.2 CONTENT In our Malaysia country is the mixed economic system. Mixed economy reflects the characteristics of both capitalism and socialism. In this mixed economy system there are all real world economies are mixture of the two system. In mixed economy goverment will intervention like some relative prises because the goods and inputs by taxing or subsiding them or by direct price controls. Most mixed economies also can be described as market economies with strong regulatory oversight, in addition to having a variety of government sponsored aspects. Government also must have the rights to control the price of products and services in our Malaysia country. Example of Malaysian government control item are like rice, oil, sugar, petrol, flour and more. SIRIM is a not goverment company but the goverment intervention because they have to know is th product is really good. Mixed economies as an economic ideal are supported by people of various political persuasions. Another example of Malaysian gover ment intervention in the market by pose tax on goods, for example goverment taxed on cigarretes, petrol, alcohol drinks and more. Conclusion As conclusion, Malaysian economic system is mixed economic system. Mixed economy reflects the characteristics of both capitalism and socialism. Malaysian government intervene in the economic in many ways such imposed tax og good, control the price of the product, make sure the price of the product is not high and many more.

The Role of Performance Measurement in Business Process Re-Engineering

The purpose of this business study is to test the performance measurement system (PMS) and its interaction with development implementing standard deviation (SD). PMS is the essential of business process engineering (BPR) that is a significant theory in analyzing the interaction between the correlation of PMS, empowerment, integration, and strategic alignment. The object is to understand the unities between companies that undergo strategic modification to progress effectiveness and thrive efficiently.The testing of the hypothesis consists of two companies from the Bahrain Economy a major sector in manufacturing and finance as well as other companies within the sector. â€Å"The total of returned responds were 301 from 19 manufacturing and 30 financial companies. The companies deviate in age, number of employees, profits, range of products, or services. The individual respondents range from managerial position, experience, and length of employment† (Kuwaiti & Kay, 2013, para. 7, p. 4). The BPR emphasize on restructuring and reevaluating a business.The research questions:How is the performance of PMS a criterion to the principles of change? How is the performance of empowerment, integration, and strategic alignment correlation tested in determining the effective in change? The hypothesis of the study:H1: The significant and correlation PMS is as a criterion for the effective formation and operation of BPR and the PMS can act as a resource to change in empowerment, integration, and strategic alignment.The hypothesis testing included congruence PMS is the responding variable,  and the four explanatory variables. The statistical formula used to determine the score range is the standard deviation (SD).For example, â€Å"for empowerment the results range from a maximum of 40 (highly empowered) to a minimum of 10 (least empowered) the mean is 29.8 with a SD of 5.75 and a maximum possible score is (14*5) 70† (Kuwaiti & Kay, 2013, para. 5, p. 6). The PMS i nteraction with two of the explanatory variables is weak when measuring the range. Therefore, the hypothesis supports the relationship with strategic alignment and a modest support for empowerment.The main findings of the study:A well-defined PMS process will improve the changes within a business because PMS emphasis on premeditated purposes before initiating on different levels of business development.

“Columbine High School/Littleton, Co.” Analytical Essay

Ryan Douvlos English 050 Analytical Essay Imaginative writing is an art that expresses ideas and thoughts in an imaginative way. This art involves universal laws of human nature, and both time and place. Without connecting the reader through these principles, the author’s work is somewhat meaningless. In order for the author to gain something through his/her work, the author must be able to manipulate the perceptions of the reader. This can be done by successfully incorporating the five elements of craft found in literature. These elements function to focus the reader towards a specific end, and the five elements include: image, voice, character, setting and story. It is imperative that the author utilizes these elements to create a†¦show more content†¦The last four lines of the poem also follow the same principles as the perspective in lines 10-13, and key words which make this perspective first person point of view are the use of the words â€Å"us† and â€Å"our.† Moving to a less sophistic ated and more recognizable element of writing, the craft of character will be discussed. There is one single character presented in this poem, and that is the woman in the photograph who is leaning against the beam. She is portrayed directly; mainly through the image of the photograph the reader is given. The woman is also represented through action and thoughts as well. In this poem, the reader is told that the woman’s grief is heavy, and that her sorrow is pouring out into the wood. This connection of the woman’s thoughts to the wood signifies the elements of action and thoughts. Although the woman is the only single character in the poem, she takes the role of a flat character in this piece, in the sense that she represents a single idea. The idea the woman possesses in this piece is that of sorrow. The narrator of the story is the protagonist in this poem. The narrator is not a part of the tragic even that occurred in this poem, but rather a spectator whose goal in this poem is to assess and make sense of the situation. First the narrator glances at the photograph, and then deeply focuses

Profile of Serial Killer, Cannibal and Necrophilliac Richard Chase

Serial killer, cannibal, and necrophiliac Richard Chase went on a month-long killing spree that ended with six people dead, including children. Along with  savagely murdering his victims, he also drank their blood. This earned him the nickname The Vampire of Sacramento. One has to wonder if Chase was alone in the blame for what he did to others. His parents and health officials considered him stable enough to live without supervision, despite the fact he displayed severe abnormal behavior from an early age. Childhood Years Richard Trenton Chase  was born on May 23, 1950. His parents were strict disciplinarians and Richard was often subjected to beatings from his father. By the age of 10, Chase displayed three known warning signs of children who grow to become serial killers: bed-wetting beyond the normal age, cruelty to animals, and setting fires. Teenage Years According to published reports, Chases mental disorders intensified during his teenage years. He became a drug user and regularly exhibited symptoms of delusional thinking. He managed to maintain a small social life. However, his relationships with women would not last long. This was due to his bizarre behavior and his impotence. The later problem consumed him and he voluntarily sought help from a psychiatrist. The doctor was unable to help him and noted that his problems were a result of his severe mental disorders and repressed anger. After turning 18, Chase moved out from his parents home and in with roommates. His new living arrangements did not last long. His roommates, bothered by his heavy drug use and wild behavior, asked him to leave. After Chase refused to move out, the roommates left and he was forced to move back in with his mother. This lasted until he became convinced that she was trying to poison him. Chase moved to an apartment paid for by his father. A Search for Help Isolated, Chases obsession with his health and bodily functions heightened. He suffered from constant paranoid episodes and would often end up at the hospital emergency room in search of help. His list of ailments included complaints that someone had stolen his pulmonary artery, that his stomach was backward and that his heart had stopped beating. He was diagnosed as being a paranoid schizophrenic and spent a short time under psychiatric observation, but was soon released. Unable to find help from doctors, yet still convinced that his heart was shrinking, Chase felt he had found the cure. He would kill and disembowel small animals and eat the various parts of the animals raw. In 1975, Chase was suffering from blood poisoning after injecting the blood of a rabbit into his veins. He was involuntarily hospitalized and diagnosed with schizophrenia. Schizophrenia or Drug-Induced Psychosis? Doctors treated Chase with the usual drugs used for schizophrenia, with little success. This convinced doctors that his illness was due to his heavy drug use, not schizophrenia. Regardless, his psychosis remained intact. After he was found with two dead birds with their heads cut off and blood sucked out, he was moved to a hospital for the criminally insane. Incredibly, by 1976 his doctors decided he was no longer a threat to society and released him under the care of his parents. Even more incredibly, his mother made the decision that Chase no longer needed the anti-schizophrenia medications prescribed and stopped giving him the pills. She also helped him find an apartment, paid his rent, and bought his groceries. Left unchecked and without medication, Chases mental disorders escalated from the need for animal organs and blood to human organs and blood. First Murder On December 29, 1977, Chase killed 51-year-old Ambrose Griffin in a drive-by shooting. Griffin was helping his wife bring groceries into the house when he was shot and killed. Random Violent Acts On January 11, 1978, Chase attacked a neighbor after he asked for a cigarette, then restrained her until she turned over the entire pack. Two weeks later, he broke into a house, robbed it, urinated inside a drawer containing infant clothing, and defecated on the bed in a childs room. Interrupted by the owners return, Chase was attacked but managed to escape. Chase continued to search for unlocked doors of homes to enter. He believed a locked door was a sign that he was not wanted. However, an unlocked door was an invitation to enter. Second Murder On January 23, 1978, Teresa Wallin, pregnant and at home alone, was taking out the garbage when Chase entered through her unlocked front door. Using the same gun he used to kill Griffin, he shot Teresa three times, killing her, then raped her corpse while stabbing her several times with a butcher knife. He then removed multiple organs, cut off one of the nipples and drank the blood. Before leaving, he collected dog feces from the yard and stuffed it into the victims mouth and down her throat. Final Murders On January 27, 1978, the bodies of Evelyn Miroth, age 38, her six-year-old son Jason, and friend Dan Meredith were found murdered inside Evelyns home. Missing was Evelyns 22-month-old nephew David, whom she had been babysitting. The crime scene was horrific. Dan Merediths body was found in the hallway. He was killed by a direct gunshot wound to his head. Evelyn and Jason were found in Evelyns bedroom. Jason had been shot twice in the head. The depth of Chases insanity was clear when investigators reviewed the crime scene. Evelyns corpse had been raped and sodomized multiple times. Her stomach had been cut open and various organs were removed. Her throat was cut, she had been sodomized with a knife, and there was a failed attempt to remove one of her eyeballs. Not found at the murder scene was the infant, David. However, blood in the babys crib gave police little hope the child was still alive. Chase later told police that he brought the dead infant to his apartment. After mutilating the babys body, he disposed of the corpse at a nearby church, which is where it was later found. What he did leave at the grotesque murder scene were clear hand and shoe prints, which soon led police to his door and ended Chases insane rampage. The End Result In 1979, a jury found Chase guilty on six counts of first-degree murder and he was sentenced to die in the gas chamber. Disturbed by the gruesome details of his crimes, other prisoners wanted him gone and often tried to talk him into killing himself. Whether it was the constant suggestions or just his own tortured mind, Chase managed to collect enough prescribed antidepressants to kill himself. On December 26, 1980, prison officials discovered him dead in his cell from an overdose of medications.