2 Indirect taxes

Indirect taxes Indirect taxes are taxes that raise the price of a good so consumers essentially paying the tax during purchasing the goods; which mean paying more for the product. This main cause why consumers thought of as taxes that are passed on, as the price of the tax is salaried for by increasing the overall price of the goods or service. Fuel, alcohol and cigarettes taxes are all considered examples of indirect taxes, many have disagree that the tax is actually paid by the end consumer in a way of a higher retail price. An inefficient marketplace and alter market prices that doesn't match their equilibrium, What happen...

3 Increase in the Prices Of Eggs In Malaysia

In October 26, 2012, there was an issue on the increases on the price of eggs in Malaysia. Based on the article from The Star, the egg producers will gain from higher price of egg because the price of egg was set lower than the production cost. Price of eggs increase will benefit the producers however what is the impact to the biggest consumer of eggs such as the restaurateurs and bakers? What are the causes of the price egg to increase to 2 cents?  Based on my analysis, those major consumers are not impacted on the price increase as they are willing to absorve the cost at the moment. However, it the situation  continue for ...

3 Malaysia’s GDP

The growth rate of the GDP can determine the economic health of a country. Malaysia a middle-income country that has been developing its economy; from being a producer of raw materials they have emerged as a multi-sector economy. The Government of Malaysia is continuing efforts to boost domestic demand to wean the economy off of its dependence on exports. Nevertheless, exports - particularly of electronics - remain a significant driver of the economics. Based on the graph about Malaysia’s GDP growth rate, we can say Malaysia’s GDP growth rate is relatively average compared to other foreign countries. We can also see that in...

3 Subsidies on petrol

The Cost of Petrol Subsidies        Subsidy is the donation of funds for certain purposes. If the allocated money was spent on something else, payment must be returned. The subsidy may be released under the equity financing. Intensive development of energy, industry and transport inevitably causes an increase in fuel consumption. Subsidies for oil continue to grow. But worldwide reducing subsidies can be benefit to protect the environment and provide the necessary   fiscal space.                Subsidy on petroleum products has increased over the past few years....

4 The Monopolization of Astro.

Is Astro still monopolizing the Pay TV industry? Astro is the only satellite TV service in Malaysia. This makes Astro a monopoly as it is the only firm that provides satellite TV service in Malaysia and so it is the only firm in the industry. Due to high barriers of entry, many new firms are discouraged to enter the industry. This is because Astro has made such a big name for themselves and has built strong brand recognition and brand loyalty to the point where the first thing that comes to Malaysian customer's mind when satellite TV is mentioned would be Astro. Without Astro, Malaysian citizens would not be able to watch certain...