Future Economists
Seeds of future prosperity lies in today's children,
Let's join our hands to nurture the seed,
To its fullest growth,
for the greater welfare of Society.
Let's be united to remove the
poverty and corruption.
Saturday, March 09, 2013
Sunday, March 03, 2013
Morin Factory
Topic Chosen: Economic Growth
Economic growth refers to the increase in the real output of
an economy. It is measured by the 2 main economic indicators, GDP per capita or
HDI (Human Development Index). GDP per capita measures the total output of an
economy in terms of money to the working population of that economy to get the
general average of earnings of the people. As the economy grows, people would
earn more for their works and thus, will raise the general earnings of the
society which will be indicated by the rise of GDP per capita. On the other
hand, HDI measures the living standards of the society. A society enjoying high
living standards will be better educated and healthier than those with lower living
standards. An educated and healthy workforce will be significantly more
productive than one that is neither educated nor healthy. A highly productive
workforce supports economic growth and so, the economy grows in response. And
with economic growth, people will earn more and they will then be able to
provide better education and health care for their families, companies may earn
more profit and government would have better funding source. Both the society
and government will enjoy the benefits.
What role does the Morin Factory play in increasing the
economic growth of the Indonesian Economy, then? Factories like the Morin
Factory has played many vital roles for the economic growth of the Indonesian
economy, this includes increasing the national GDP by the income they generate
and their products. The income generated
by Morin is included in the national GDP. And since Morin Factory mass produces
their product, Morin raises the national GDP significantly. Moreover, Morin is
the market leader in the jam spread market. This means that no or little
proportion of their total product becomes a waste, most of their products are
sold. Therefore, Morin generates a lot of income which is beneficial for both
the company itself and the national economy.
As well as rising GDP, Morin Factory also helped the economy
by employing the local workforce. Unemployment in the region decreases as Morin
Factory gathers all the workforces they needed, the demand for labor increases
as a result and unemployment declines. By this, Morin Factory has already
helped the government with another economic aim, which is a low unemployment
rate. In addition, by employing the local workforce, the local workforce can
learn new things such as new technologies and new production processes. They
may receive trainings and guidance from the company which will improve the
education of the local people. All in all, the government receives benefits
from companies like Morin as the unemployment rate declines and their workforce
became more educated.
On the other hand, companies like the Morin Factory may cause
some problems as well. Morin produces jam spreads, which is a food product;
therefore they need to keep all the products they sent to distributors in good
condition. If a batch of products should fail, the false goods are burnt along
with their glass jars. This causes air pollution as well as ground pollution.
The smoke from the burning materials may also be harmful for the local society.
Diseases may spread, and the local society suffers as a result.
Aside from the burning process, the production waste of
factories, like Morin Factory, may also be extremely harmful. If these waste
are not taken care of properly, the water may be polluted, it may even reach
the local water source. Properly disposing factories wastes can be very
expensive and companies may be reluctant to carry out the procedures as it
would increase their costs and reduce their profits. If the local water source
is affected, the whole region may suffer. These effects may reduce the overall
health of the society and reduce living standards. Unhealthy workforce leads to
ineffective production and decreasing labor productivity. In effective and
decreasing labor productivity will then result to declining economic growth.
In conclusion, firms such as the Morin Factory may help
support the economy and economic growth as well as economic development but
they may also cause some severe problems for the government if not managed or
monitored properly. Morin has helped the government by supporting economic
growth, reducing unemployment and educating current workforce about the newest
technologies and production practices. But, Morin may have contributed to the
local pollution problem and this decreases the living standards as well as
overall health which lead to a decline in economic growth and economic
development. However, if these problems are taken care of properly, they can be
solved or even avoided.
By: Jennifer M (9 Business/06)
Morin Factory
Topic Chosen: Economic Growth
Economic growth refers to the increase in the real output of
an economy. It is measured by the 2 main economic indicators, GDP per capita or
HDI (Human Development Index). GDP per capita measures the total output of an
economy in terms of money to the working population of that economy to get the
general average of earnings of the people. As the economy grows, people would
earn more for their works and thus, will raise the general earnings of the
society which will be indicated by the rise of GDP per capita. On the other
hand, HDI measures the living standards of the society. A society enjoying high
living standards will be better educated and healthier than those with lower living
standards. An educated and healthy workforce will be significantly more
productive than one that is neither educated nor healthy. A highly productive
workforce supports economic growth and so, the economy grows in response. And
with economic growth, people will earn more and they will then be able to
provide better education and health care for their families, companies may earn
more profit and government would have better funding source. Both the society
and government will enjoy the benefits.
What role does the Morin Factory play in increasing the
economic growth of the Indonesian Economy, then? Factories like the Morin
Factory has played many vital roles for the economic growth of the Indonesian
economy, this includes increasing the national GDP by the income they generate
and their products. The income generated
by Morin is included in the national GDP. And since Morin Factory mass produces
their product, Morin raises the national GDP significantly. Moreover, Morin is
the market leader in the jam spread market. This means that no or little
proportion of their total product becomes a waste, most of their products are
sold. Therefore, Morin generates a lot of income which is beneficial for both
the company itself and the national economy.
As well as rising GDP, Morin Factory also helped the economy
by employing the local workforce. Unemployment in the region decreases as Morin
Factory gathers all the workforces they needed, the demand for labor increases
as a result and unemployment declines. By this, Morin Factory has already
helped the government with another economic aim, which is a low unemployment
rate. In addition, by employing the local workforce, the local workforce can
learn new things such as new technologies and new production processes. They
may receive trainings and guidance from the company which will improve the
education of the local people. All in all, the government receives benefits
from companies like Morin as the unemployment rate declines and their workforce
became more educated.
On the other hand, companies like the Morin Factory may cause
some problems as well. Morin produces jam spreads, which is a food product;
therefore they need to keep all the products they sent to distributors in good
condition. If a batch of products should fail, the false goods are burnt along
with their glass jars. This causes air pollution as well as ground pollution.
The smoke from the burning materials may also be harmful for the local society.
Diseases may spread, and the local society suffers as a result.
Aside from the burning process, the production waste of
factories, like Morin Factory, may also be extremely harmful. If these waste
are not taken care of properly, the water may be polluted, it may even reach
the local water source. Properly disposing factories wastes can be very
expensive and companies may be reluctant to carry out the procedures as it
would increase their costs and reduce their profits. If the local water source
is affected, the whole region may suffer. These effects may reduce the overall
health of the society and reduce living standards. Unhealthy workforce leads to
ineffective production and decreasing labor productivity. In effective and
decreasing labor productivity will then result to declining economic growth.
In conclusion, firms such as the Morin Factory may help
support the economy and economic growth as well as economic development but
they may also cause some severe problems for the government if not managed or
monitored properly. Morin has helped the government by supporting economic
growth, reducing unemployment and educating current workforce about the newest
technologies and production practices. But, Morin may have contributed to the
local pollution problem and this decreases the living standards as well as
overall health which lead to a decline in economic growth and economic
development. However, if these problems are taken care of properly, they can be
solved or even avoided.
Morin Factory
Topic Chosen: Economic Growth
Economic growth refers to the increase in the real output of
an economy. It is measured by the 2 main economic indicators, GDP per capita or
HDI (Human Development Index). GDP per capita measures the total output of an
economy in terms of money to the working population of that economy to get the
general average of earnings of the people. As the economy grows, people would
earn more for their works and thus, will raise the general earnings of the
society which will be indicated by the rise of GDP per capita. On the other
hand, HDI measures the living standards of the society. A society enjoying high
living standards will be better educated and healthier than those with lower living
standards. An educated and healthy workforce will be significantly more
productive than one that is neither educated nor healthy. A highly productive
workforce supports economic growth and so, the economy grows in response. And
with economic growth, people will earn more and they will then be able to
provide better education and health care for their families, companies may earn
more profit and government would have better funding source. Both the society
and government will enjoy the benefits.
What role does the Morin Factory play in increasing the
economic growth of the Indonesian Economy, then? Factories like the Morin
Factory has played many vital roles for the economic growth of the Indonesian
economy, this includes increasing the national GDP by the income they generate
and their products. The income generated
by Morin is included in the national GDP. And since Morin Factory mass produces
their product, Morin raises the national GDP significantly. Moreover, Morin is
the market leader in the jam spread market. This means that no or little
proportion of their total product becomes a waste, most of their products are
sold. Therefore, Morin generates a lot of income which is beneficial for both
the company itself and the national economy.
As well as rising GDP, Morin Factory also helped the economy
by employing the local workforce. Unemployment in the region decreases as Morin
Factory gathers all the workforces they needed, the demand for labor increases
as a result and unemployment declines. By this, Morin Factory has already
helped the government with another economic aim, which is a low unemployment
rate. In addition, by employing the local workforce, the local workforce can
learn new things such as new technologies and new production processes. They
may receive trainings and guidance from the company which will improve the
education of the local people. All in all, the government receives benefits
from companies like Morin as the unemployment rate declines and their workforce
became more educated.
On the other hand, companies like the Morin Factory may cause
some problems as well. Morin produces jam spreads, which is a food product;
therefore they need to keep all the products they sent to distributors in good
condition. If a batch of products should fail, the false goods are burnt along
with their glass jars. This causes air pollution as well as ground pollution.
The smoke from the burning materials may also be harmful for the local society.
Diseases may spread, and the local society suffers as a result.
Aside from the burning process, the production waste of
factories, like Morin Factory, may also be extremely harmful. If these waste
are not taken care of properly, the water may be polluted, it may even reach
the local water source. Properly disposing factories wastes can be very
expensive and companies may be reluctant to carry out the procedures as it
would increase their costs and reduce their profits. If the local water source
is affected, the whole region may suffer. These effects may reduce the overall
health of the society and reduce living standards. Unhealthy workforce leads to
ineffective production and decreasing labor productivity. In effective and
decreasing labor productivity will then result to declining economic growth.
In conclusion, firms such as the Morin Factory may help
support the economy and economic growth as well as economic development but
they may also cause some severe problems for the government if not managed or
monitored properly. Morin has helped the government by supporting economic
growth, reducing unemployment and educating current workforce about the newest
technologies and production practices. But, Morin may have contributed to the
local pollution problem and this decreases the living standards as well as
overall health which lead to a decline in economic growth and economic
development. However, if these problems are taken care of properly, they can be
solved or even avoided.
Saturday, March 02, 2013
Topics: Visiting Morin Factory
Morin is the biggest Jam factory in Indonesia ,Morin produce many kind of Jam . Batch production is a technique manufacturing that used by Morin, because it fast and more efficient. We can see how they sortation, roasting, cooking, filling, commercial product , and until packing. There are several market target at Morin factory , their first target is family and personal. They will distribute their product to supermarket and hospital to create easy access by the consumer to buy. There are some applicants is breakfast, and juice. Many workers work there and produce output which is jam.
Morin company help government to do their aims, government aims is create low unemployment. In Morin many employees work there to produce output that can help government also. When the output is increase , the company income will be high and government get income from income tax. The output is increase and the revenue also increase it happen because Morin factory using Batch processing. The tax will be used to build the infrastructure and also help poor people. one of the government aims is reduce poverty , poverty can be reduce by several ways. First government can give education to the poor people so they can work and fulfill their basic needs. Second government can give subsidy to the poor people so they can live. In Morin company more income also help them to expand their company and factory to become bigger. More bigger the factory they will increase their assets and it will increase the production. Morin employees using Batch production method's , this help the employees to work faster and more efficient. Batch production also get a revenue that can be used for pay the employees. Batch production is use technology so the employees can be educated by that machine . Jam also can give a nutrient to Indonesia they can study and educated. Morin also create a good relationship with other country which help to give training to their employees this will help their employee to increase their education .
On the other, hand Morin company uses batch production. Batch production is expensive and takes a large space in the factory. It also produce a waste product which create a pollution and pollution is very dangerous . Pollution create a conflict with the government aims, because government try to protect the air by planting more trees. Pollution also create some disease which will decrease the level of living standard. In river pollution also happen because of waste product, the waste product destroy the ecosystem and later on people will hard to find clean water. However, when the company get more revenue they will save and try to expand their factories. In addition that expand factories need new land to use, Morin company will destroy the forest to build a new factory produce more output . But it against with government aims which is "go green" , if there is no land left, people will fight for land when they lack of land space. land can be use for planting crops which is needed for basic needs. if there is no land it causes lack of resources because they can’t plant their basic need. Lack of resources can be happen due to the high population which increase the demand. If the demand increase but the supply is low and the market can’t fulfill the demand it will create scarcity. Many of people die because of pollution and lack of resources. This problem create a high death rate which decrease the local employees. After that the local employees decrease the government need to find other employee to other country which take a cost.
In conclusion that Morin company create some disadvantages and it causes conflict with government aims, like pollution, destroy the forest for new land , and high death rate. But all of that can be prevent in the future since the technology development is fast .Technology development will create less waste product that can help the government aims. The development of technology is supported by high government income which help the cost to development . Development help the local employees to be educated and they can work to fulfill their basic needs . Moreover we can see now the advantages which can give income to the government that help the government to build the infrastructure to create easy access which help the development to be faster. Relationship with other company can create a good relationship and educated from employees training. Morin also help to reduce the unemployment it means that Morin help government objectives. Michael Elia
Morin is the biggest Jam factory in Indonesia ,Morin produce many kind of Jam . Batch production is a technique manufacturing that used by Morin, because it fast and more efficient. We can see how they sortation, roasting, cooking, filling, commercial product , and until packing. There are several market target at Morin factory , their first target is family and personal. They will distribute their product to supermarket and hospital to create easy access by the consumer to buy. There are some applicants is breakfast, and juice. Many workers work there and produce output which is jam.
Morin company help government to do their aims, government aims is create low unemployment. In Morin many employees work there to produce output that can help government also. When the output is increase , the company income will be high and government get income from income tax. The output is increase and the revenue also increase it happen because Morin factory using Batch processing. The tax will be used to build the infrastructure and also help poor people. one of the government aims is reduce poverty , poverty can be reduce by several ways. First government can give education to the poor people so they can work and fulfill their basic needs. Second government can give subsidy to the poor people so they can live. In Morin company more income also help them to expand their company and factory to become bigger. More bigger the factory they will increase their assets and it will increase the production. Morin employees using Batch production method's , this help the employees to work faster and more efficient. Batch production also get a revenue that can be used for pay the employees. Batch production is use technology so the employees can be educated by that machine . Jam also can give a nutrient to Indonesia they can study and educated. Morin also create a good relationship with other country which help to give training to their employees this will help their employee to increase their education .
On the other, hand Morin company uses batch production. Batch production is expensive and takes a large space in the factory. It also produce a waste product which create a pollution and pollution is very dangerous . Pollution create a conflict with the government aims, because government try to protect the air by planting more trees. Pollution also create some disease which will decrease the level of living standard. In river pollution also happen because of waste product, the waste product destroy the ecosystem and later on people will hard to find clean water. However, when the company get more revenue they will save and try to expand their factories. In addition that expand factories need new land to use, Morin company will destroy the forest to build a new factory produce more output . But it against with government aims which is "go green" , if there is no land left, people will fight for land when they lack of land space. land can be use for planting crops which is needed for basic needs. if there is no land it causes lack of resources because they can’t plant their basic need. Lack of resources can be happen due to the high population which increase the demand. If the demand increase but the supply is low and the market can’t fulfill the demand it will create scarcity. Many of people die because of pollution and lack of resources. This problem create a high death rate which decrease the local employees. After that the local employees decrease the government need to find other employee to other country which take a cost.
In conclusion that Morin company create some disadvantages and it causes conflict with government aims, like pollution, destroy the forest for new land , and high death rate. But all of that can be prevent in the future since the technology development is fast .Technology development will create less waste product that can help the government aims. The development of technology is supported by high government income which help the cost to development . Development help the local employees to be educated and they can work to fulfill their basic needs . Moreover we can see now the advantages which can give income to the government that help the government to build the infrastructure to create easy access which help the development to be faster. Relationship with other company can create a good relationship and educated from employees training. Morin also help to reduce the unemployment it means that Morin help government objectives. Michael Elia
Morin Factory visit Report
Topic: Employment and Economic Growth
Unemployment refers to someone who do not have any work and income, unemployment is a major problem around the world and it is one of government’s aim to achieve a high and stable unemployment. Without employment, people are not able to earn money which will lead to poverty. People are unable to complete their basic need and having an access to good sanitation which will then lead to another problem such as deadly diseases as their body are not well defended from the virus because they are living in an unsuitable environment. With the present of unemployment, it disturbs the economic growth and development as they are having less GDP per capita (People don’t have work), bad living standard. Goods and services produced is also less because productivity is low due to low people are working, leading business to bankruptcy. People are not able to spend because they don’t have any money and this will not provide enough sales for firms are they are forced to downsize their company or dismissing it which make unemployment further increases. As the development of technology progress real fast, labor are being replaced by machine which then increases further unemployment.
Morin Factory (PT. Asta Guna) protects employment as they are not replacing all the production process with machinery. They care about the people so they balance they balances the use of labor and machines. This also benefits them because the quality produced by humans are better than machines. Machines can’t fully replace the job done by human. Morin is really strict will their product quality so they still employing human labor in their production process to provide better quality to their customers.
They help the government reduce the level of unemployment, by providing them jobs with a good working condition with a reasonable working hours too. This reduces the number of people living in the poverty line as most of their work in the factory doesn’t really need a high level education, except the quality control team where they need a high education on chemistry. This benefits them as they are not well educated because of not having enough money to fund their education. Trainings are also provided to the workers so they are able to gain knowledge about the job they are working which benefits both the worker and the company. The worker are able to work more productively which makes the company be able to produce more.
Morin also promote economic growth for Indonesia as they are exporting jams abroad. This increases the output of Indonesia and contribute to Indonesia’s economic growth. People abroad now begins to use Indonesia’s homemade jam which increases the foreign investment interest to Indonesia which can help Indonesia to expand even further. This also reduce the dependency of Indonesia’s market as Indonesia now are able to make its own jam and will not be affected badly if abroad jam producer are having supply problem or even possibly Indonesia could be the one who will overcome the supply scarcity by exporting to them.
On the other hand, the decision of still mainly using labor is that they are not be able to produce more than they could with machines. Worker can only work in a limited amount of time where during their breaks, the company are unable to continue the production unless they hire more employees which will then increases cost of production of the company reducing its profit whereas they can produce more with less cost when investing on machinery. As technology develops, there are able to produce even more than humans be able to produce. They also don’t have consistent production as humans productivity varies overtime so they are not be able to produce the same amount of goods every time.
Worker could also stop working if the company are not able to fulfill what they want, such as insufficient payment and this stops the production process and force the company to increase their wages which again add their production cost. The company needs to keep satisfying their employees so they are more productive, but when the company replace them with machinery, they don’t need to worry as machines will do whatever they are instructed to do so. But this added maintenance cost to the company and the requirement of hiring a specialize engineers to operate the machinery.
Morin are able to use only machinery and cut cost but they must sacrifice their product quality and increases unemployment. Instead they use both labor and machinery as there are really strict with their quality product and they care about their employees which is a good decision. At least they are still gaining profit and contribute economic growth for Indonesia. Ferdin
Study Tour: Morin Factory
Study Tour to the Morin Jam Factory in Bekashi: Jakarta
FOR GRADE 10B_NEW + 9 Business + 12 B/Sc. + 12 B national
"Write a report on the application of economic theories on your learnings from the study tour to the Indonesia's leading Jam manufacturing Firm"
The Morin
Last date for submission of the Report
March 8th, 2013
Write your report here in 750 Words. [20 Marks]
Please read rubrics and check that have you followed the rubrics for high score.
Referencing at the bottom will give added marks to candidates.
"Marks allocation will be in accordance to the Rubrics"
Wednesday, February 27, 2013
Debate: Government and rural - Urban development
TOPIC: FOR GRADE 10B_NEW
Government plays important role in the allocation of resources. In underdeveloped countries resources are scarce but the demand for them is very high from the urban as well as from the rural areas. In terms contribution to the national income, urban areas are at higher level, very high then for the rural area. In that scenario misallocation of resources may have negative impact on the economic growth of the country.
Assuming that you are playing a role of chairman of the planning commission
write an essay on the allocation of resources for rapid economic growth of the country for Urban or rural areas.
Consider who might benefit from an urban development project. "
Time Duration for submitting the Article is
February 25 to 3 March, 2013
Girls will write in favour of rural areas (villages, undeveloped regions of countries)
and
Boys will write in the favour of urban areas (cities, capital, developed regions).
God bless you.
Write your opinion here in 750 Words. [20 Marks]
Please read rubrics and check that have you followed the rubrics for high score.
Referencing at the bottom will give added marks to candidates.
"Marks allocation will be in accordance to the Rubrics"
Monday, February 25, 2013
Debate: Public sector and resource allocation
TOPIC: FOR GRADE 10B_NEW
"Public sector can allocate national resources most efficiently"
Time Duration for submitting the Article is
February 25 to 3 March, 2013
Girls will write against the motion
and
Boys will write in the favour of motion.
God bless you.
Write your opinion here in 750 Words. [20 Marks]
Please read rubrics and check that have you followed the rubrics for high score.
Referencing at the bottom will give added marks to candidates.
"Marks allocation will be in accordance to the Rubrics"
Wednesday, February 20, 2013
Debate: Rise in population and Economic Development
TOPIC: FOR GRADE 9 B
" An increase in the population of a country should always be regarded as undesirable "
Time Duration for submitting the Article is
February 18 to 24 February, 2013
Girls will write against the motion
and
Boys will write in the favour of motion.
God bless you.
Write your opinion here in 500 Words. [20 Marks]
Please read rubrics and check that have you followed the rubrics for high score.
Referencing at the bottom will give added marks to candidates.
"Marks allocation will be in accordance to the Rubrics"
Monday, February 18, 2013
Government Vs Monopolies
TOPIC: FOR GRADE 10B_NEW
Government should play more active role in implementing the policies maintained by Monopolies Restrictive Trade Practices Act. Discuss.
Time Duration for submitting the Article is
February 18 to 24, 2013
Girls will write in the favour of motion
and
Boys will write against the motion.
God bless you.
Write your opinion here in 500 Words. [20 Marks]
"Marks allocation will be in accordance to the Rubrics"
Location:
Jakarta, Indonesia
Friday, February 08, 2013
Report Writing
Visting 7/ 11 Tanjung Duren
For Grade 9 Business
Topic: How the business module of 7 / 11 is different from other competing businesses?
Write a report in 200 words.
Small firms Vs Giant Firms
Topic: For Grade 10B_New
Is the Presence of Giant firm is dangerous for the growth of small firms? Discuss
Time Duration for submitting the Article is
February 11 to 17, 2013
Girls will write against the motion
and
Boys will write in favour of the motion.
God bless you.
Write your opinion here in 500 Words. [10 Marks]
Debate: Poverty and Government
Topic: For Grade 9B_Penabur
Is government responsible for a wide spread poverty in the country?
Time Duration for submitting you view is:
February 11 to 17, 2013
Girls will write against the motion
and
Boys will write in favour of the motion.
God bless you.
Write you opinion here in 500 Words. [10 Marks]
Location:
Jakarta, Indonesia
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