Reflection on cultural heritage Cultural heritage is increasingly identified as an important resource of a nation due to the benefits it has brought to economic, soico-cultural and environmental aspects . According to UNESCO, cultural heritage can be divided into three categories, inculding, tangible heritage, intangle heritage and nautural heritage . It is the reflection of a country, which links the past to the present. It also shapes the society, as well as enriches the lives of people through the cultural significance. People can understand more about a country or city through heritage.
Market failure is when the free market fails to allocate resources in the most efficient way. What that means is resources are being used to produce goods that could instead be used to produce something that is more beneficial to society. (Williamson, O. E. 1971) So market failure means the economic market can’t give the goods or services to the customer efficiency, and make a great impact to customers. Merit goods means somethings that provide by the government or the country, it will not get benefit from consume merit goods, but it will also bring some benefits for the society, but people will not recognize it. (Musgrave, R. A.
6.0 Measurement Model In our opinion, measurement model not specified by the IASB for PPE could not provide a more useful information to existing and potential investors in comparison to the models listed in the IFRS. This is supported by its mission to serve the public interest by promoting trust, growth, and long-term financial stability in the global economy. Our opinion can also be further supported with our findings as below. Fair Value Model This model is allowed by the IASB to measure Investment Property but not PPE. Fair value model is where an asset is revalued at market value without calculating depreciation and impairment.
Economic factors play a crucial role in any investment decisions that are made for taking a gain and better return to the investor. Economic analysis and company performance forecasting are necessary for making investment management (Hiriyappa,2008). There is lack of investment management which has exerted burden over the company to keep getting revenue for current as well as new production plants. If the new plants were set up after examination of organization’s structure and forecast of sales and revenue, then the situation would have been easier. The company mainly depends upon reports by managers who are not communicating well with each other as they are not co-operative.
1. INTRODUCTION Recovery of loan is difficult function to ascertain profitability of the corporation specifically in a loan portfolio. Which is bad with high NPAs . Traditional approach of loan recovery process has not able to determine the results and corporation are thinking to change the strategy for recovery of loan from customer. To have success in recovery procedure the management should have proper guidelines about the recovery procedure and effective follow up and should be done at a proper time period at a appropriate action.
Therefore, considering all previously mentioned, it can be concluded that gentrification is a significant questionable procedure. In reality, clearly gentrification influences reliably the urban development. In any case, impacts of gentrification can be very disputable. From one viewpoint, gentrification stimulates the financial development of communities, where representatives of the middle class move to. Be that as it may, monetary advantages might be short-run, though, in a long-run point of view, gentrification can prompt the enlarging hole between the rich and the poor in urban areas.
Advantages Disadvantages 1) The absence of monopoly power; As the Government controls and regulates the economy resulting in an absence of powers given to providers to set rules and regulations that will be an advantage. Restriction in Freedom; In a command economy, individuals of the society cannot freely consume, produce or invest as they want to. The Government determines and controls what and how much is traded. 2) High priority is given to social welfare; Here, the Government produces goods and services that are essential which will benefit the society as a whole. Innovative ideas aren’t encouraged; As the Government is in full control of the market the Government doesn’t encourage innovation.
Privatization is different with nationalism, which is process of increasing government controls and involvement in economy. The implementation of privatisation requires that proper institutions be established in order to avoid practices that will result in inefficiencies and welfare losses. The implementation of privatisation in Malaysia may well have suffered from the lack of a well-defined institutional framework. The absence of any consideration for intentions that could have overseen the execution of privatisation led to the inappropriate implementation. This policy is proposed by Tun Dr. Mahathir when he publicized the government intention to apply on a privatization policies.
CITY UNIVERSITY COLLEGE OF SCIENCE & TECHNOLOGY MASTER OF BUSINESS ADMINISTRATIVE RESEARCH PROPOSAL NAME: LIEW WEN MIN I/C NO: 880101-35-5088 TITLE: UNEMPLOYMENT IN MALAYSIA LECTURER’S NAME: DR SEGAR RAJA MANICKAM Chapter 1 Introduction In this contemporary world, unemployment is a common issue which facing by many developing country. When one country with high unemployment rate, this directly means that the country labour resources are not fully utilized. Basically, a country that is not fully utilizing its resources will not achieve their maximum output. Hence, full employment need to be considered as macroeconomic goals if a country wants to maximize its output. As compared to other developing country, Malaysia can be said
Unless governments make a move will further exacerbate the biological system look. It will begin to biodegrade and it inevitably beyond words they don't make a move. The high gathering of people in shoreline ranges has made various cash points of interest, including transportation joins, mechanical and urban headway, and wage from tourism. Be that as it may, the huge effects of populace development monetary and mechanical are undermining biological communities that live in the territory. Unless governments make a move will further exacerbate the biological community look.