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