Essays /

Government Action And Possible Solution Essay

Essay preview

Government Action and Possible Solutions

Based on what we have learnt from economics, here are our suggestions to resolve the issues previously stated. Firstly, the government should set effective price control on building materials. Price control should be reviewed; considering free market to determine building material prices and supply in the domestic market. Associations should also urge The Ministry of Domestic Trade and Consumer Affairs (MDTCA) to monitor, regulate, and strengthen the supply situation in compliance with the Con...

Read more


1961 above-ment accord achiev act action adapt adjust adopt affair affect agenc allow also amount announc artifici associ avert base believ bodi bring build burden carri case cement chang claus competit complianc consid construct consum contract contractor control convent cost creat damag demand determin domest earlier eas econom effect effici enforc enough ensur export extract financi first fluctuat fourth free furthermor futur govern i.e implement import increment industri issu justic last learnt local low made make malaysia manipul market materi mdtca measur member mention method miller ministri monitor output oversea permit posit possibl practic prevent previous price problem product project proper propos quota recommend reduc regul relev remov resolv result review roll schedul second semi set shortag situat solut solv sourc stabil state steel stop strengthen suggest suppli third trade transpar undertaken unnecessari urg use world would