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NIM : 042551349
Fakultas : FE
UPBJJ-UT : 21 JAKARTA
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sebagai pekerjaan saya).
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dengan aturan akademik yang berlaku di Universitas Terbuka.
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dengan tidak melakukan kecurangan, joki, menyebarluaskan soal dan jawaban UAS THE
melalui media apapun, serta tindakan tidak terpuji lainnya yang bertentangan dengan
peraturan akademik Universitas Terbuka.
Demikian surat pernyataan ini saya buat dengan sesungguhnya. Apabila di kemudian hari
terdapat pelanggaran atas pernyataan di atas, saya bersedia bertanggung jawab dan menanggung
sanksi akademik yang ditetapkan oleh Universitas Terbuka.
JAKARTA, 20-12-2020
YUSUF SABANSYAH
NOMOR SATU (1)
The business cycle is also known as the economic cycle or trade cycle. In simple terms, the business
cycle can be interpreted as a series of economic conditions that occur repeatedly, constantly, and
regularly in a certain period. Although repetitive, the length of the business cycle cannot be
predicted or determined with certainty.
The fact that business cycles move in natural phases doesn’t mean they can’t be influenced.
Countries can and do try to manage the various stages, slowing them down or speeding them up,
using monetary policy and fiscal policy. Fiscal policy is carried out by the government and monetary
policy is carried out by a nation’s central bank.
If an economy is growing too fast, governments will employ a contractionary monetary policy, which
involves cutting spending and increasing taxes. This reduces the amount of disposable income to
spend, slowing things down. To employ a contractionary monetary policy, a central bank will
increase interest rates, making borrowing more expensive and therefore spending money less
attractive.
The first movers are the first companies to market a product or service. Companies build a demand
and markets, before other companies enter and start to follow. The first mover advantage mean
enables a business to establish strong brand recognition and product or service loyalty before other
entrants to the market.
First movers can make their technology, product or services harder for later entrants to replicate.
For example, if the first mover can reduce the costs of producing a product. First mover have the
ability to control strategic and scarce resources
And also first movers may enjoy is buyer switching costs. If the first business is able to establish itself
firmly, it may be inconvenient for consumers to switch to a new brand later.
With all the knowledge, skills and creativity, a Human can run a business, industry and other
productive activities, which will have a massive impact on the country economic. Which will
determine whether the country will develop in the future or not. And also can be use as indicator
whether a country has quality human resources or not.
In my opinion the main reason why human capital is very important for a country is because humans
play a major role in the economy of a country. With inflammatory activities, and the productivity he
does every day will increase income for the country. Which is my point of view from the economic
sector of a country
And other reasons why human capital is very important for a country because, Human capital plays
a very strategic role in supporting the competitiveness of a country or region. Such as with good
human capital strength can make foreign investment flows to invest in a country, because investors’
confidence in the strength of the country’s human capital, and make the country able to compete
with other countries that continue to innovate for their respective future.
So the conclusion that I take is, Human Capital plays an important role in economic growth and
development as a production factor other than natural resources. The better quality of human
beings will have an effect on the higher the efficiency and productivity of a country. So that, it can
increase economic growth and development.
Laissez-faire policy is a political ideological concept that rejects the practice of government
intervention in the economy. The reason for the rejection is because the state is seen as an obstacle
to economic growth and development. The basic ideas contained in the laizzes faire itself are
- The economy should work based on the forces of supply and demand. Both represent consumer
and business interests. Therefore, the intersection of supply and demand will produce the best for
individuals and businesses
- The private-enterprise economy is the best because it is most efficient at allocating resources. For
Private ownership of a resource and complete freedom to use it creates a strong incentive to take
risks and work hard.
- The economy should be free from government interference. Intervention tends to harm either
party, whether consumer or business. That in turn leads to socially suboptimal benefits.
- The government’s job is only to ensure that market systems and mechanisms work. For example,
through enforcement of property ownership. Income or wealth distribution policies should not exist
because individuals work hard to produce what is best for them.
- International trade must operate freely. The state must not impede this through a number of
protective policies, such as tariffs and subsidies.
Here is my example for Laissez-faire , let’s say I have a company that I named as Sabansyah Mining
Corporation. My company is a company engaged in mining. During 10 years of my company has
been operating, I have always paid taxes in time by following the government regulations, and also
have always followed the existing regulations by the government. However, one time the
government suddenly raised taxes on all existing mining sectors, and required all mining sectors to
have special supervisors brought in by the government to supervise, and take over control of the
production flow carried out by my company. That is a case example that I think about this laissez-
faire policy
Thank You.