Louis Vuitton and the Travelling Chinese Consumer

Louis Vuitton and the Travelling Chinese Consumer Based on an online article by Fung, J. et al (2012) entitled "Louis Vuitton and the Travelling Chinese Consumer", even in its early years, LV’s handbags and luggage have established a symbol of status globally.  At the initial stage, Louis recognized the people’s demand for flat...

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Elasticity of sugar and clothes

Elasticity of Sugar and Clothes According to the news “20 sen more for sugar” which posted at http://thestar.com.my/news/story.asp?file=/2011/5/10/nation/8649957&sec=nation and the article “Minimum impact from fuel and sugar” which posted at  http://thestar.com.my/news/story.asp?file=/2011/12/12/nation/10078389&sec=nation and...

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Cigarette leads to death

According to Bangkok post online news, published on 22nd of August, 2012, government has raised taxes on alcohol and cigarettes. Almost everything in the market we buy or earn is taxed. Tax incidence is the division of the burden of a tax between buyers and sellers. The way to calculate how much taxes must be paid is using accounting...

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Tobacco growers wait for WHO decision

Based on the recent news "Tobacco growers wait for WHO decision" reported by New Straits Time, Kelantan’s tobacco grower and curers are protesting against the World Health Organisation (WHO). WHO is coming out with a plan that would threaten the livelihoods and jobs of the people in Kelantan. After doing a critical analysis on this particular...

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Minimum Wage

According to the secretariat of the National Wages Consultative Council, minimum wages is defined as ‘basic wages’ to be as determined under the Act. It is stated that employees’ wages must reach the minimum amount of RM900 per month. This Act will be implemented next year. Price floor is imposed by government that makes it illegal...

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