task 3b essay

THE EFFECT OF AGRICULTURAL ACTIVITY TOWARDS MALAYSIAN ECONOMY

Since the Industry Revolution Era on early 19^th century, Malaysian economy has risen year by year. Eventhough there is times that our country having the economy crisis; we are still able to cope with the crisis. There are many factors that contribute to the Malaysia economy. One of them is the agricultural activity. This type of activity is now categorized as one of the primer sector other than mining and quarry. Malaysian agricultural activities have rapidly grown. The country income now is mostly depending on the agricultural activity. The statistics has shown that the agricultural industry has average increase of three percent every year. Now, let’s take a look how does this activity have the impact on the economy.

Firstly, the agricultural activity has encouraged the growth of gross domestic product. This happened because most of our products have been marketed internationally. For example, the can pineapple now can be easily found in major supermarket in European country. This shows that the production of the yield is very large in amount since they can go through the international stream. We know the fact that it’s hard for small country like us to enter their mainstream. Thus, it leads to the increase of the economy exchange rate– both parties have the benefits of selling their products – between our country and the others.

Next, this productive activity has stimulated the research on biotechnology to increase the quality of the product. We can diversified our product so that it can be marketed nationally also internationally. Though all the new invention created, we now can produce many products from a single thing. For instance, a papaya can produce various types of products such as fruit cocktail and pickles. Other than that, by having the technology, we can extend the lifespan of a product. This is important to guarantee the quality of the products. So, we should use the invention to increase the production and also the economy run.

Last but not least, with the presence of the agriculture activity, it increases the competition between the multinational company and international company. This healthy competition is good since everybody “fighting” among themselves to produce the best outcome. The multinational company can also help the small-scale company to develop by co-joining them with them. For example, the big-scale company like Sime Darby can invest in some potential company that still unstable to open a big scale plantation so that the production of the yield can be increased.

In conclusion, agriculture gives a very big impact towards Malaysian economy. We should not take for granted the contribution of this field towards our economy. Who knows, maybe in future, this sector would be the major contributor to the growth of our economy.

BY:
NUR FARAH ASYIQIN BINTI HAMDAN

Poverty-What are the causes?

Have you ever imagine become homeless with not enough food and clothes? Do you love being poor and have no chance to enjoy your lives? This is how the poverty has made some suffer every single minute in their lives. Poverty is the lack of basic human needs, such as clean water, nutrition, health care, education, clothing and shelter, because of the inability to afford them. As poverty has now become the global issue, let us know the causes of poverty.

First and foremost, poverty is caused by overpopulation. Due to a large number of people with too few of resources and spaces, it is not enough to accommodate all the people with sufficient needs. Only a certain number of people can be supported while the others are left behind. Therefore, the poor people will become poorer and facing the poverty.Bangladesh, for example, has one of the world’s highest population densities, with 1,078 persons per sq km (2,791 persons per sq mi).However, majority of the people of Bangladesh engage in low-productivity manual farming, which contributes to the country’s extremely high level of poverty.

Moreover, diseases spread in a country may also lead to poverty. For example, in Africa, due to insufficient nutrients, the people there are prone to be infected with certain diseases. Due to low productivity and wealth, diseases are spread very fast within the country. Consequently, health quality decrease day by day thus making people not fit to work. Therefore, no money is generated hence making them in a poverty level which is as living on less than USD $1.25 per day.

Furthermore, poverty is also caused by inadequate education and employment. Poor country like Africa, Somalia and India do not have a literacy education for their people. As the government could not afford to give them proper education, their people are not going to improve their lives and just have to face their fate. They could only rely on the crop and ancient technology that never lead to a better future.

To put it laconically, actions must be taken to prevent this problems from becoming even worst. Poverty is a call to action - for the poor and the wealthy alike - a call to change the world so that many more may have enough to eat, adequate shelter, access to education and health, protection from violence, and a voice in what happens in their communities .Hence, this will make this world a better place to live.
Prepared by:Mufidah bt. Mohammad

MONEY MANAGEMENT FOR INDIVIDUAL

Money management is a process of managing money which includes investment, budgeting, banking and taxes. It also a strategic technique employed at making money yield the highest of interest-yielding value for any amount of it spent. So, everyone should have money management as it can help to prevent the wasting of money so that you can deal with unexpected financial emergencies and got financial freedom in the future.
Money management help to prevent the wasting of money by making a person accountable for the money that they spend and portrays an accurate idea on how much an individual can actually afford to pay for various consumer items such as a house, a car, or a new TV. It determines whether or not a certain purchase will fit within their monetary constraints.

Besides that, it will help a person dealing with unexpected financial emergencies because they may have to pay a huge medical bill or a car repair bill and they will have money to be use for such of those cases. Finally, they will get financial freedom in the future which was free from any financial problem and lead them to a happy life. It’s a comfortable retirement far outweigh any potential difficulty and you will meet your savings goals because it will tell you about the areas where you are spending too much or too little.

In conclusion, money management is important as it can control your way in spending money as you will be controlling your money as you know how much you have to spend, when and where. Therefore, for those who do not have money management yet should have theirs as soon as possible and the key to successful money management is maximizing every winning trades and minimizing losses.

BY:SITI AISYAH BINTI KAPLI

The New Economic Policy and the Effects of Sociology towards People

The year 1971 had witnessed an ambitious and controversial socio-economic restructuring action programme that was launched by the Prime Minister Tun Abdul Razak which was namely called The Malaysian New Economic Policy(NEP).Basically, there were other parties that have accused it of having to reduce non-Malays to the status of second-class citizens by bringing forth the “Ketuanan Melayu” (Malay Supremacy) issue.

First and foremost, the economy prospect views a noticeable increase among Bumiputra participation in the professions and private sectors although Bumiputras remain somewhat under-represented. Statistics have shown that between 1970 to 1990, the Bumiputra share of accountants doubled from 7 to 14 per cent, doctors from 4 per cent to 28 per cent, engineers from 7 to 35 per cent and architects from 4 to 24 per cent. It was estimated also that wealth in the hands of the Bumiputras went from 4 % in 1970 to about 20 % in 1997. The overall wealth of the country as a whole also grew ; per capita GNP went from RM1,142 in 1970 to RM12,102 in 1997.

The education policy in NEP has also shown a major difference among the races especially when Bumiputras were accorded quotas for the admission to public universities until the year 2002. Although the allocation were then reduced, they were still considered unfair towards the non-Bumiputras. The act of eliminating the quota for good in 2003 had yet not removed the perceptions of the Bumiputra bias in the public tertiary education when the difference pertaining academic routes between these races still exists. As an example, many Bumiputra enter boarding secondary schools whereas most non-Bumiputra remain in normal public secondary schools. This has made the non-Bumiputras to believe that the education policy of NEP does not give major benefits to them.

On top of that, it is also found that the calculation of the Bumiputra-held economic equity has been disputed where it is claimed that the government intentionally underestimated the share of Bumiputra equity to justify the NEP and its related politics. The issue that the official Bumiputra equity share remained less than the original 30% target although the policy had continued until 2008 had made economic debates become more intense and people kept arguing over inter-ethnic disparities in Malaysia since then.

In a nutshell, a myriad of controversies had arise since the implementation of NEP in Malaysia’s political system. It is only recently discovered that there are some Bumiputra parties that would want the elimination or reduction in the implementation of the policy since they believe it is a race-based affirmative act.

Syamil Sofiah Bt Hussin~Section 21~