Mixed Economic Systems - 760 Words

Economic system of a country Identify and evaluate the economic system that Malaysia is adopting. Discuss the rationale of Malaysia’s economic system in terms of utility maximisation and pricing mechanism for distribution of goods and services. An economic system is the combination of the various agencies, and entities that provide the economic structure that defines the social community. Malaysia has adopting mixed economic systems. Mixed economic system is an economy where there is more government intervention than in a free market economy. Many of the activities of production, distribution, and exchange are undertaken by central government, but where there is more economic freedom for the individual than in a command economy.†¦show more content†¦oil, gas and water systems for drinking, agriculture, and waste disposal. This also providing some autonomy over personal finances but including involuntary spending and investments such as transfer payments and other cash benefits such as welfare for the poor, social security for the aged and infirm, government subsidies to business and mandatory insurance (example: automobile) and restricted by various laws, regulation like environmental regulation labor regulation including minimum wage laws, consumer regulation (example: product safety), antitrust laws, intellectual property laws, incorporation law protectionism, import and export controls, such as tariffs and quotas and taxes and fees written or enforced with manipulation of the economy in mind. The advantages of mixed economic in Malaysia are people can make their own decisions , The Malaysia government has limited control which is good for structure . It also provides freedoms such as enterprise ownership, social Welfare, profit Earnings, political Freedom., All nationalShow MoreRelatedThe Economic System Of A Mixed Economy System Essay874 Words   |  4 Pagescountries around the world, including Canada, rely on a mixed market economy system in which the allocation of most resources, goods and services is determined by supply and demand through markets and prices. This system has many flaws, including environmental damage, high income inequality both within and between countries, resource depletion and so on. When I think of alternative economic system, I have to go back to the basics of mixed economic system, what actually is and what it does. In every kindRead MoreEssay about A Mixed Economic System Would Benefit the United Kingdom1246 Words   |  5 PagesA Mixed Economic System Would Benefit the United Kingdom Two main economic systems have been developed since the Industrial Revolution, these are Capitalism and Socialism. Both systems have advantages and disadvantages, this essay will explain these, and also give my proposals for a mixed system for the whole society of the United Kingdom. Capitalism Capitalism generally started as an economic system in the United Kingdom at the time of the Industrial Revolution. The basic explanationRead MoreFour Different Economic Systems and Which One I Think Best Suits South Africas Mixed Economy1448 Words   |  6 Pagesthe three key economic questions has lead to the evolvement of four different economics systems which i will critically analyse in this assignment. Furthermore, i will be critically discussing South Africa as a mixed economy as to why it is characterized as a mixed economy and the suitability of the economic system for the current economic conditions. â€Å"A government is not need to ensure the whole society’s welll-being† Adman Smith. 2.LITERARY REVIEW OF THE FOUR ECONOMIC SYSTEMS 2.1. TraditionalRead MoreMixed Economy vs. Command Economy659 Words   |  3 PagesAn economic system defines how the various entities in an economy interact. People have defined an economic system variously to include government policies, which is very important especially in modern times. Ancient systems were pretty simple. Trade was done using systems like barter trade which was very straight forward. People only exchanged what they had for what they needed, or wanted. However, in modern monetary economies, the setting is quite intricate. Huge established companies have a lotRead MoreMarket Economy988 Words   |  4 PagesAccording to Economics: Principles Practices, one of the disadvantages is â€Å"that it does not provide for the basic needs of everyone in the society.† That is true, but with the assistance from some government services such as Social Security and Medicare, the people will be helped and still remain free to purchase and buy what they want. Another di sadvantage that is stated is the possibility of economic failure. The economic could fail if there is not enough competition. In a mixed market economyRead MoreIntroduction A system is a network of parts which interlock to form an overall pattern. An economic1500 Words   |  6 PagesIntroduction A system is a network of parts which interlock to form an overall pattern. An economic system is a pattern of organisation which is aimed at solving the three central questions discussed in the previous sections. Economic systems do not always work well, but they are often so vast and complicated that it is quiet marvellous that they work at all. Mohr Fourie.(2008. P42). Scarcity is the fundamental challenge confronting all individuals and nations. We cannot always get what we wantRead MoreWhy to Use Market Economy Essay749 Words   |  3 PagesThere are four types of economy, command, market, mixed, and traditional. A command economy is an economy where government control the economy. In market economy is there is a minimum amount of government control. A mixed economy is an economy that blends command and market economy together. A traditional economy is an economic system that is often used in rural areas. Among these four economic system, Mr.Robbins should use market economy for his new island, because market economy bring many benefitsRead MoreThe Four Main Economic Systems and Their Application in South Africa1426 Words   |  6 PagesIntroduction An economic system is a manner of approach which is used at solving the three main questions which are: What goods and services should be produced and the amount? How much of the scarce resource should be utilised and how will the goods and services will produced? For whom should the diverse goods and services be produced for and where will the production take place? Economic systems don’t always work accordingly but often so vast and complicated but on the contrast its working out justRead MoreEconomic Systems1122 Words   |  5 PagesIntroduction Economic systems are organized way in which a state or nation allocates its resources and apportions goods and services in the national community. An economic system is slackly defined as country’s plan for its services, goods produced, and the exact way in which its economic plan is carried out. There are three types of economic systems exist, they are command economy, market economy, and mixed economy. Command economy is also sometimes called planned economy. The expectationsRead MoreEconomic Systems Essay1117 Words   |  5 PagesIntroduction Economic systems are organized way in which a state or nation allocates its resources and apportions goods and services in the national community. An economic system is slackly defined as country’s plan for its services, goods produced, and the exact way in which its economic plan is carried out. There are three types of economic systems exist, they are command economy, market economy, and mixed economy. Command economy is also sometimes called planned economy. The expectations

The Effects Of Teen Sexual Activity On The United States

Introduction Most of us are familiar with the alarming statistics about teen sexual activity in the United States. Among high school students, 54 percent (including 61% of boys and 48% of girls) say they have had sexual intercourse. According to a 1992 Center for disease Control Study. The # of 9th Graders who say they ve had sex is 40%. In the past two decades, there has been an explosion in the # of sexually transmitted diseases. 12 million people are infected each year; 63 percent of them are under 25. Each year, 1 of every 10 teenage girls becomes pregnant, and more than 400,000 teenagers have abortions. 1 in 4 children is born out of wedlock, compared to 1 in 20 in 1960. We have realized that since they stopped teaching sexual education in high schools that the teen pregnancy rates have increased. Today, we will talk about the bad vs. good in sexual education and now it will benefit students in the future. (Transition: Now that we talk about the introduction of sex education, let look at the problems of sex education.) I. There are 95% of Americans that have had pre- marital sex. A. There is only 5% of sex - education taught in the public school system, which in itself a problem. 1. The goal is to reduce unplanned pregnancies, and sexually transmitted diseases, but moreover it s to provide a correct understanding of sex, to explain the importance of abstinence, as well as the dangers. 2.Show MoreRelatedTeen Pregnancy Should Be Pregnant Before The Age Of Twenty1504 Words   |  7 PagesThe United States has the highest teen birth rate in the world, every year the United States experiences 610,000 teen pregnancies (Bleakly 2006). The figures show that three in ten adolescent girls will become pregnant before the age of twenty. People ages 15-24 represent 25 eighteen 70 percent of United States females, and 62 percent of males have had sex. About 3.2 million adolescent females are infected with the most common STI’s, such as chlamydia and gonorrhea (Bleakly 2006). The likelihoodRead MoreEssay on Sexually Active Teens1287 Words   |  6 Pagesalready overwhelmed teen. The consequences of becoming sexually active during adolescence can include pregnancy, sexually transmitted diseases, and depression. One obvious consequence teens face when they become sexually active is pregnancy. Pregnancy at any age can be taxing on the body, and spirit. However, adding in a third factor-lack of maturity in most adolescents-can create a disastrous combination. According to an article titled Teen Pregnancy: Overview, Consequences of Teen Pregnancy, foundRead MoreComprehensive Ignorance1553 Words   |  7 PagesCurrently, there is no national standard regarding sexual education in America. Soaring sexually transmitted infection (STI) rates are occurring at a national level – there are approximately nine million new occurrences of STIs in the United States each year among teenagers and young adults alone (Alan Guttmacher Institute 2011). Consequently, the United States continues to have one of the highest teen pregnancy rates in the developed world—more than twice as in Canada (Alan Guttmacher InstituteRead MoreTeen Pregnancy : Protecting Our Youth Through Abstinence1316 Words à ‚  |  6 Pages2015 Teen Pregnancy: Protecting Our Youth Through Abstinence What is Teen Pregnancy? It is the pregnancy of adolescent girls from the ages of 13-20. Teen Pregnancy is one of the most trending things happening in today’s society. Statistics shows that 1,000,000 girls become pregnant every year (Garth). Being that the United States is in the highest percentage of teen pregnancy. 40% will have government assistance (Garth). The teen birth rate from 1990-1995 per 1,000 girls was 64 in the United StatesRead MoreTeenage Pregnancy : Protecting Our Youth Through Abstinence1315 Words   |  6 PagesYouth Through Abstinence What is Teen Pregnancy? It is the pregnancy of adolescent girls from the ages of 13-20. Teen Pregnancy is one of the most trending things happening in today’s society. Statistics shows that 1,000,000 girls become pregnant every year (Garth). Being that the United States is in the highest percentage of teen pregnancy, 40% will have government assistance (Garth). The teen birth rate from 1990-1995 per 1,000 girls was 64 in the United States from 15 to 19 year olds, 13% in GermanyRead MoreThe Debate For Comprehensive Sex Education1212 Words   |  5 PagesComprehensive Sex Education Across the United States of America there is wide spread support for abstinence-only education. A majority of states require that abstinence-only education be the only form of sexual health education provided, or requires that abstinence be stressed above other forms of sexual education. These highly stressed abstinence-only programs are under fire as research comes out against the efficiency of these programs, and as new forms of sexual health education appear. These newRead MoreThe Importance of Comprehensive Sex Education to Decrease Teen Pregnancies894 Words   |  4 PagesIn the United States today, many teenage girls are facing lots of problems. New problems are rising such as an increased pregnancy rate among teenagers. Our teenage girls are less developed and unprepared for the problems which come along with their decision to have sex. It is also too early for teenage girls to become pregnant. Many teens think having a baby is some sort of joke. They believe it will never h appen to them but the reality is that every time teens have sex, there is a possibilityRead MoreThe Negative Effects of Teenage Dating1512 Words   |  7 PagesThe Negative Effects of Teenage Dating Sean D. Foster Bellevue University The biggest threat about teenage dating is their inability to maintain a relationship. Teenagers mostly, do not understand the necessity of sustaining a relationship over a period of time. Therefore, frequent break ups and arguments lead to attempts of suicide, teenage pregnancy, STD’s, teen violence, and substance abuse. This happens due to lack of experience and a broader understanding of what relationships are (DasguptaRead MoreShould Sex Education Be A Part Of The Necessary Curriculum?1321 Words   |  6 Pageseducation is defined as â€Å"[a] broad term used to describe education about human sexual anatomy, sexual reproduction, sexual intercourse, and other aspects of human sexual behavior† (â€Å"Sex Education†, Science Daily). Today in the United States, many people no longer feel that sex is a topic to be ignored or not mentioned in â€Å"polite society,† but one that should be freely and openly discussed. With greater acceptance of sexual behavio rs, comes a greater need for awareness. The topic of sex has been a subjectRead MoreThe Problem Of Teenage Pregnancy1720 Words   |  7 Pagesfamily, stress, and less monitoring and control of children† occurs, which the authors say can increase the risk of teen pregnancy. In addition, â€Å"teenagers experiencing family problems might be more at risk for influence by a negative peer group† that could potentially lead to motherhood at an early age. They also claim â€Å"support is indicated for parental control over teen activities as a protective factor against teenage pregnancy† that a lot of times isn’t found in single-parent homes. Bentham

How the Internet Changed the Music Industry free essay sample

Large music labels have made statements since the late sass regarding the Internets damage to music sales through piracy by showing the decline of CDC sold year over year. However, the music labels themselves did not realize the sales opportunities that could be provided by the Internet and only saw a damaging environment. The same music labels also neglected to take advantage of the Internet as a new venue to find popular music artists.As with all types of modernization, understanding takes time, and the music industry is beginning to come around by offering portions of their libraries for sale through sanctioned distributes like Amazon and tunes as well as taking notice of new artists found through sites like Youth. The Internet has helped the music industry by providing new methods of music distribution as well as a global arena for self-promotion by new artists. The Amazon MPH store has provided a place for music lovers to find new music as well as provide a digital storage space for all new purchases. One of the best features Is Customers can now store all of their Amazon MPH purchases for free in Cloud Drive, (Amazon. Mom, Inc. , 2011). The Cloud Drive helps to ensure safety of purchases as well as the continued availability of the MPH regardless of any hardware malfunction. By allowing access to the Cloud Drive in a native application for both Android and Apple products over 35 million Americans can buy new music and stream It anywhere there Is an Internet connection. Amazons MPH store also Includes the ability for users to comment on albums and songs.By having first-person reviews by ordinary music lovers, Amazon has taken out some of the guesswork on whether or not to make new music purchases. On the front page of the Amazon MPH store there is a promotion section specifically for new artists. The Artists on the Rise section includes recommendations based on similar artists. The recommendation links the visitor directly to the new artists purchasing page, and Includes a percentage Image of how likely visitors of that page were to buy the album suggested. The front page also includes various music sales.Every week there are 100 albums on sale for $5. With $5 discount albums consumers would be more likely to purchase multiple albums knowing that they are obtaining a bargain. In the tunes 9 upgrade, Apple included additional features that help users to share new artist purchase recommendations with friends. The addition of the share feature in the tunes store allows users to click the arrow next to the items Buy button and choose Share On Backbone or Share On Twitter to post a message about the Item on your social-networking platform of choice, (Brakes, 2009).The Share On feature will allow people to tell their entire friend network on Backbone or all of their Twitter followers about the new artist that they discovered through the tunes store. With over 275 lion pods sold over the last decade, the tunes user group community can easily help a new artist become well-known (Ford, 2011). Plastic generation Is also done only create playbills from songs in a computers local library, it will also search the tunes music store for similar artists helping discovery of new artists.The Genius sidebar even allows users to play a sample of the suggested new purchase without Changing the view within tunes from the library. With a total of 1 1. 7 billion tracks sold since the inception of tunes in 2001 the Genius software is one more tool for Apple to ensure legitimate music sales continue to flourish (Ford, 2011). The rise of the Internet has made Youth a popular site for new artists to display their musical prowess as well as current popular artists to exhibit their newest works.The music industry has access to talent across the globe through sites like Youth where they could interview new prospective artists prior to signing them. With features like newer count and user comments on Youth music labels can now also see if the artist is rising in popularity or falling, helping to ensure the label makes the right decision in signing or continuing support for an artist. However, Youth has a reputation for silly pet videos and video blobs, but Youth can also turn a local band into an overnight sensation.The band K Go signed with Capital in 2001, but it Nas not until posting a Youth video in 2006 that the band gained any national recognition (Money, 2006). The band released the album Oh No in 2005, but initial sales for the first year were low. K Go previously had performed a dance routine for song from an earlier album as part of the live show experience. However, this time the dance routine was choreographed, filmed, and placed on the Internet, where lions of users had access. The catchy dance routine video helped boost album sales 182% a year after the Oh No albums initial release. The band has since provided at least one new video for each album. The new videos continue to receive millions of views helping to ensure K Gos cultural relevance and album sales. Few other Internet technologies have changed the way people listen to music online more than Pandora. Pandora is available directly through any Flash-capable browser, any ISO device, Android device, Blackberry, Monika, Palm, or Windows mobile (MacMillan, Burrows, Ante, 2009). Pandora has changed how music lovers enjoy music by using the music genomethat lets users create online radio stations generated by the softwares recommendations (Guilford, 2007).The benefit of Pandora over regular radio stations is the level of interaction allowed by the listener. However, the record labels still receive the same type of fee as they would from a traditional broadcast radio station, including royalties of $30 million in 2009 to record labels and artists Copeland, 2010). The listener begins by choosing one song, and the Music Genome Project takes over and selects music from similar genres and artists. As new music is created, it is added to Panders library in a similar way to commercial radio stations.However, unlike commercial radio stations, if that song is not what the audience Ants to hear they can give the song a thumbs down removing it from that users station. By allowing the user to customize the type of music that holds interest, the Music Genome Project can take over and begin to play new artists, introducing users to new bands with albums for sale online. Despite all of the claims that the music industry is suffering from the Internet age, the Internet has provided many new methods of sales and listeners.