Demand & Supply~

Determinants of demand and supply on population.

Nowadays population in our country has increase especially in Sabah.Sabah shows increase in 285% from 1970 until 2000.While Sarawak increase to 106% and Peninsular Malaysia increase to 113%.This is shown on graph below.

When population in our country increase,the general demand for sugars will increase.Therefore,the demand curve will shift to the right.

 

The graph shown that the price of sugar is being constant.The demand curve (D) is a quantity demand of sugar in year 1970.While demand curve (D1) is a quantity demand of sugar in year 2000.It show an increase in quantity demanded of sugar.Therefore the demand curve will shift to the right from (D) to (D1).

An increase in a population in our country will also effect on quantity supplied of sugar.When population increase,quantity supplied of sugar in our country also will increase.Therefore,the supply curve will shift to the right.

   

The show that the price of sugar is constant.The supply curve (S1) is a quantity supplied of sugar in year 1970.While supply curve (S2) is a quantity supplied of sugar in year 2000.It show an increase in quantity suppliedof sugar from (S1) to (S2).Therefore,the supply curve will shift to the left.

-Hareez

BRAZIL FIFA WORLD CUP 2014!!!

Why there are so many country wanted to organise World Cup too?

Because It's bring lots of benefits to a country, especially stimulate the Gross Domestic Product (GDP)

Gross Domestic Product (GDP) is to measures the total market value of all final goods and services produced over a specific time period. It is important for measure health of a country's economics.
 

The economy of Brazil is the world's sixth largest by nominal GDP.

However, economics in Brazil is not so well recently BUT World Cup is the best way to stimulate the GDP!!!  

The best way of stimulate GDP is have more people working!

To organise World Cup, Brazil govenment needs to construct the roads, stadiums, airports and other projects required to host sport’s most-watched event. This will create about 250,000 new jobs.

World Cup also can boost Tourism to stimulate the GDP too! More people will get to know and interested travel to Brasil after World Cup.

 

According to FIFA and government figures, in previously host like Germany in 2006 event, and 2010 host South Africa had a increases of 0.5% GDP during the World Cup year. This prove that organised World Cup is the best way to stimulate GDP.

However, there are some street protest in Brasil recently BUT economists and Brasil government believe that they will overcome the problems and World Cup will bring 70 to $110 billion to Brazil's economy in a ten-year period.

Lastly, I hope that one day MALAYSIA also will be the host of World Cup!!! haha~

-Teng Ying Ze

Reference List :

 http://abcnews.go.com/ABC_Univision/brazilians-angry-world-cup-spending/story?id=19440162#.Ud1wG23zmQw

http://www.mid-day.com/sports/2013/jul/030713-brazilian-protests-raise-doubts-over-2014-world-cup.htm