Question

In: Economics

The prime minister announced the movement control order from March 18-31 to curb the spread of...

The prime minister announced the movement control order from March 18-31 to curb the spread of the coronavirus. Discuss how the restaurant business in Malaysia is affected and what are measures taken by the operators. (200-300 words)

Solutions

Expert Solution

Negative effects

Coronavirus has had huge impact on economic growth due to lockdown and shutdowns and social welfare losses.

The economic growth remains subdued as Aggregate demand and consumption both fall simultaneously also leading to fall in prices and inflation.

Investment is pumped out due to falling interest rate regime and lower economic outlook of companies.

Government spending is ramped up due to an expansionary fiscal policy by reducing taxes and spending. Also net exports go negative as imports surge due to supply shocks.

Negative growth in GDP causes high unemployment ajd lower inflation based on Philips curve movement.

Actions undertaken.

Restaurant owners shall thus adopt online model of delivery by collaboration with delivery aggregates like Zomato and local delivery logistics partners to cut fixed costs and make losses albeit limited to maintain steady cash flows and pay for rents and employment.

PLEASE UPVOTE INCASE YOU LIKED THE ANSWER WILL BE ENCOURAGING FOR US THANKYOU VERY MUCH ALL THE BEST IN FUTURE

Rahul Sunny answered 1 month ago
Next > < Previous

Related Solutions

The prime minister announced the movement control order from March 18-31 to curb the spread of...
The prime minister announced the movement control order from March 18-31 to curb the spread of the coronavirus. Discuss how the restaurant business in Malaysia is affected and what are measures taken by the operators. (300-400 words)
The prime minister announced the movement control order from March 18-31 to curb the spread of...
The prime minister announced the movement control order from March 18-31 to curb the spread of the coronavirus. Discuss how the restaurant business in Malaysia is affected and what are measures taken by the operators. (Write 200-300 words)
The Australian Prime Minister recently announced measure tohelp the economy from the Covid19 pandemic. The...
The Australian Prime Minister recently announced measure to help the economy from the Covid19 pandemic. The Australian government have introduced a financial grant for people to build their first home. The grant is worth $25,000. The owners must live in the house once its completed, and they must use local workers to build the house. How do you think this will help the Australian economy? Be specific, and provide examples in your answer.Consider an economy. The growth rate of nominal...
The Australian Prime Minister recently announced measure to help the economy from the Covid19 pandemic. The...
The Australian Prime Minister recently announced measure to help the economy from the Covid19 pandemic. The Australian government have introduced a financial grant for people to build their first home. The grant is worth $25,000. The owners must live in the house once its completed, and they must use local workers to build the house. How do you think this will help the Australian economy? Be specific, and provide examples in your answer.
The Ivanhoe Chemical Corporation announced that, for the period ending March 31, 2017, it had earned...
The Ivanhoe Chemical Corporation announced that, for the period ending March 31, 2017, it had earned income after taxes of $2,768,313.00 on revenues of $13,148,000. The company's costs (excluding depreciation and amortization) amounted to 61 percent of sales, and it had interest expenses of $392,168. What is the firm's depreciation and amortization expense if its average tax rate is 34 percent? (Round answer to 2 decimal places e.g. 15.25.) Depreciation and amortization enter the Depreciation and amortization in dollars rounded...
Beauty industry is classified as one of the non-essential service under the Movement Control Order (MCO)...
Beauty industry is classified as one of the non-essential service under the Movement Control Order (MCO) Phase 1 and Phase 2 by the Government of Malaysia, develop an e-business strategy applying the 7 dimensions model by Robert Plant (2000).
Businesses have been hit severely in the light of Covid-19 pandemic and the Movement Control Order...
Businesses have been hit severely in the light of Covid-19 pandemic and the Movement Control Order imposed by the Malaysian Government to curb the spread of the disease. Karim, a business owner of a restaurant in Negeri Sembilan, had to shut down his business as the abrupt decline in his business income could not sustain the business operating expenses. Briefly explain the type of assessment that could be issued to Karim by the Director-General of Inland Revenue Board of Malaysia...
Despite the movement control order MCO (lockdown) in place, many Malaysians continued with their favorite past...
Despite the movement control order MCO (lockdown) in place, many Malaysians continued with their favorite past time - eating and hanging out at food courts and restaurants on the first day. Many even took public parks to exercise despite those having been closed for two weeks as part of a move curb the infection of Covid-19. How can you influence these people to take this MCO (lockdown) seriously? Word limit: 200 words
Clothing Shop that is classified as non-essential service under the Movement Control Order (MCO) Phase 1...
Clothing Shop that is classified as non-essential service under the Movement Control Order (MCO) Phase 1 and Phase 2 by the Government of Malaysia, develop an e-business strategy applying the 7 dimensions model by Robert Plant (2000).
Due to the Movement Control Order (MCO) to contain the Covid-19 pandemic, many self-employed and low...
Due to the Movement Control Order (MCO) to contain the Covid-19 pandemic, many self-employed and low income people struggle to fulfill their basic needs. Suggest your recommendations for the government and firms to address the issue of basic needs fulfillment during this difficult situation. As detailed as possible, elaborate on at least a total of five recommendations. notice :- your opinion must be in line with Islamic Shariah.
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT