Discuss how can government use suitable policies

Assignment Help Business Economics
Reference no: EM133401963

Case Study: According to the Association of Employment Agencies, Malaysia still lacks many workers needed to sustain various sectors: needs post-pandemic. Labor demand is critical in several sectors. especially construction. agriculture. services: and manufacturing, which are crucial to jumpstart the country's economy. The construction sector lacks about 300,000 workers: agriculture about 230000 workers. whereas manufacturing about 100,000 to 200,000 workers. The service sector also lacks about 100.000 workers. Therefore, it is estimated at least 300,000 to a million workers are needed. In addition. the Malaysian Employers Federation {MEF} is urging the government to address the labor shortage in the country, especially in the palm oil industry which is continuing to experience losses for planters and the nation, due to an acute shortage of manual hanresters. MEF reported that the palm oil industry may not be able to compete with our neighbors because of the higher cost of sales and wastage here. MEF added thatthe construction sectorin the country is also facing a serious shortage ofworkers causing some major projects to fall behind schedule. Industries such as electrical and electronics. furniture, and agriculture are also facing the same issue. With domestic tourism and food and beverage outlets reopening as the country enters the recovery phase.

Required:

A) Discuss how can government use suitable policies to stimulate the economy.

B) Brie?y address THREE [3] main thrusts of the government and how government enables the Malaysian economy to recalibrate: rebound and recover afterthe COVID- 19 Pandemic

Reference no: EM133401963

Questions Cloud

Examining particular sandstone under a microscope : In examining this particular sandstone under a microscope, we see that most of the sand grains are angular in shape.
Discuss the three of the seven characteristics of a project : Discuss the Three of the Seven Characteristics of a Project & Two characteristics of Project Management. Discuss three of the Key Knowledge Areas of Project
Compile the team development plan : Compile the team development plan that addresses the questions above. Feel free to use a table to summarize your policy and approach.
Determine the hydraulic head at each depth : Assuming that 1 mb = 1 cm, determine the hydraulic head at each depth. Is the soil water draining or evaporating from the soil profile?
Discuss how can government use suitable policies : Discuss how can government use suitable policies to stimulate the economy. Brie?y address THREE [3] main thrusts of the government and how government enable
Identify and discuss your most challenging interview : Identify and discuss your (or a friend /family member) most challenging interview (identify what happened) and the outcome. Your initial post should be at least
What would theta have to be in order for people to not care : What would theta have to be in order for people to not care which one they bought (at what value of theta would the perceived prices equal)?
Explain how the direct mail and email marketing services : Explain how the direct mail and email marketing services offered by US Data Corporation could be used in the following direct mail and email campaigns.
Explain whether the price ceiling would make beef cheaper : Explain whether the price ceiling would make beef cheaper for US consumers. Explain the effects of a price ceiling in the market for beef on the price

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd