Implementation of the Goods and Services Tax (GST) in Malaysia Deputy Finance Minister‚ Datuk Donald Lim Siang Chai has informed that there is no specific date for the implementation of the GST. The Government will be holding a series of roundtable discussions in the mid 2012 to gather more feedback and suggestions from the business community‚ chambers of commerce‚ non-governmental organisations‚ economists‚ tax experts and manufacturers on the implementation of the GST. These discussions would provide
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Information Searchs University of Southern California illustrated the source of information that can be acquired through internal and external factors. Memories of the previous café experiences and the satisfaction rates can equip the internal information for these individuals. However‚ a research shows that the majority of Generation Y can not obtain a decision independently (Robinson‚ 2012). According to the survey‚ 75 percent of the respondents seek information through the crowdsourcing analysis
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combination tangible and intangible products. Product maybe a physical goods or service or combined of both. Product can be 100 percent emphasis on physical goods- cars‚ golf club‚ soft drink- to 100 percent emphasis on service- internet service provider‚ postal service. But we will call all of this as product. Good is physical thing‚ it can be seen and touched. You can try on fur coat or eat pat thai in street shop. A good is tangible. When you buy it‚ you own it. And it’s usually pretty easy
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Consumer classification and consumption patterns Ankit Verma Aditya Srivastava Rohit Sharma Motilal Nehru National Institute of Technology‚ Allahabad Abstract How the consumers consume and for what purposes‚ drives the producers as to how they extract resources and create products. The consumers are classified on the basis of consumption patterns which are ascertained by observing their actual behaviour in a market in various purchase situations. These patterns are explained by multiple
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Why is consumption smoothing? The consumption function plays a major role in GDP of macroeconomy. Hence‚ its stability is of great importance to a country’s economy. The economist Irving Fisher proposed “Intertemporal choice” is the study of the relative value people assign to two or more payoffs at different points in time. Most choices require decision-makers to trade-off costs and benefits at different points in time. (Fisher‚ 1930) According to Fisher’s model‚ economists Franco Modigliani created
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Conspicuous Consumption and Race∗ Kerwin Kofi Charles University of Chicago Erik Hurst University of Chicago Nikolai Roussanov University of Pennsylvania August 2007 Abstract Using nationally representative data on consumption‚ we show that Blacks and Hispanics devote larger shares of their expenditure bundles to visible goods (clothing‚ jewelry‚ and cars) than do comparable Whites. We demonstrate that these differences exist among virtually all subpopulations‚ that they are relatively constant
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providers worldwide. Since its inception in 2008‚ Airbnb started an innovative community marketplace for people to list‚ discover‚ and book a wide variety of accommodations around the world. Airbnb has pioneered a new industry of “collaborative consumption” and peer-to-peer accommodation rentals‚ which leaves room for the company’s potential growth and worldwide adoption. Airbnb has experienced immense success with over 1 million hosts and travelers‚ over 10 million nights booked‚ and over 26‚000
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Doing Bad to Do Good WHAT IS? a) Background Caroline is a specialist who offers business support services to communities‚ organizations‚ and social enterprises. Over the past 20 years Carolina has built a reputation as a conscientious‚ trustworthy‚ and ethical consultant. She was hired by the state agency to be in charge of financial evaluation of a community. She was required to assist the community with financial evaluation‚ and help with applications for state financial income and medical support
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Trends in Consumption Patterns This article is designed to: 1. define economics‚ 2. define microeconomics‚ 3. define law of supply‚ 4. define the law of demand‚ and 5. to identify the factors that lead to a change in supply and a change in demand. Economics is defined as: The social science that deals with the production‚ distribution‚ and consumption of goods and services and with the theory and management of economies or economic systems (www.answers .com accessed 02Oct07). Basically I believe
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