1.

0
A business is an organization which aims and provides goods and services to consumers. In
business perspective, quality of life is defined as the general level of human happiness
based on factors such as life expectancy, sanitation, educational standards, health and
leisure time. Businesses, government, and non-profit organizations share the same effort
which is building a high quality life. For example, Malaysia in overall is a country which has
good quality of life. Malaysia is among the friendliest and hospitable places in the world to
work and live in, while Malaysians are warm and friendly people who easily accept
foreigners into their circle of friends. Malaysians enjoy a safe and comfortable living
environment with 21st century facilities, excellent healthcare and medical conveniences,
outstanding educational institutions, and world-class recreational and sports facilities - at
lower costs in Malaysia.

In a recent study by Mercer, a global provider of consulting, outsourcing and investment

services, Kuala Lumpur ranked 75 in the 2009 quality of living global city rankings based on
a categorised point-scoring index covering 215 cities (The Star, 2009).Singapore ranked 26
because of their high quality houses and apartments, and wide range of international and
private schools to cater to its expatriate community, have been cited as contributing factors.
Singapore is a city that boasts an airport with outstanding facilities and connections as well
as an well-organized and extensive public transport network, the republic scored the highest
worldwide for its city infrastructure.

Compared with many other higher cost countries, Malaysia can also boast of its relatively
high standard of living at lower costs, cultural diversity, and racial harmony. It should also
control on its strength as one of the most politically stable countries in the region by ensuring
both the federal and state governments cooperate and work together to ensure projects and

policies are efficiently implemented and executed for the people's well-being. Now Kuala
Lumpur and Penang are already the top favourites for the expatriate and international
communities as they are home to quite a number of multinational corporations and regional
offices. It will be good for other cities in the country to make use of their comparative
advantages to share the popularity spotlight. There is still much work to be done to beef up
the overall quality of life index, including curbing crimes to ensure personal safety and
security, and sprucing up the living environment with better quality public projects and
facilities and housing schemes.

Next, businesses create goods and services that are basis of our standard of living. It is a
level of material comfort measured by goods, services, and luxuries available to an
individual, group, or nation.We can measure standard of living of a particular country by
using the output of goods and services people can buy with the money they have. For
example, country A with high average wages shows that their standard of living is not high
because their products and services are selling at a high price. On the other hand, country B
is selling the same product for a lower price. Therefore, country B has higher standards of
living.

Another example, the living standard in Kuala Lumpur of Malaysia is in general quite high,
more or less like any other big city in the world. Malaysia has a good health care system,
good hospitals, good international schools, excellent highways and modern communication
systems. The infrastructure in KL is just as good as in any other city. Satellite TV and mobile
phones are as common here as everywhere else.

A business is an organization which aims and provides goods and services to consumers. In
business perspective, quality of life is defined as the general level of human happiness

based on factors such as life expectancy, sanitation, educational standards, health and
leisure time. Malaysia's environment is one that is comfortable and laid back but safety is a
big issues.

Malaysia and Singapore has a big gap between the quality of life and standard of living in
health care, education and recreation. It is explain clearly in the above which conclude that
Singapore is the top ranking countries which provide a good quality of life and a better
standard of living compare to Malaysia which is still developing and improving.

2.0
The law of demand describes the behavior of buyers. In general, people will demand - that is
buy - more of a good or service at lower prices than at higher prices. When this relationship
is graphed, the result is a demand curve. A change in price results in movement along the
demand curve from one point to another and is called a change in the quantity demanded.
When other factors in the market change, the demand curve shifts to the left or the right.
This is a change in demand. The law of supply describes the behavior of sellers. Remember
sellers and supply both begin with s. In general, sellers will supply more of a good at higher
prices than at lower prices. When this relationship is graphed, the result is an upwardsloping supply curve.

A change in price results in movement along the supply curve from one point to another. This
is called a change in the quantity supplied. When factors in the market change, the supply
curve shifts to the left or the right. This is called a change in supply. Supply and demand
together determine market equilibrium. On a graph, market equilibrium is the point where the
supply and demand curves intersect. The price at this intersection is the equilibrium price

and the quantity is the equilibrium quantity. When the market for good or service is in
equilibrium, there are no surpluses and no shortages.