1.1 Economic Growth (Con. & Is ) 1.2 Economic Development (Con. & Is ) 1.

3 Economic structure and Trend

C1. Introduction To Economic Development

1.1 Economic Growth

1.1 Economic Growth cont.

Conventional Source Islamic A rise in the productivity of Investible resources existing factors Human resources An increase in the Entrepreneurship available stock of factors of Technological change production Islam is the way of life Technological advances Economic The availability of vast natural resources growth Large, young and educated labor force factor Stability in political environment Vision 2020 Increasing presence of bumiputra Strong financial system Introduction and application of science & technology in educational and work environment Growth of industrial sector, export and FDI

1.2 Economic Development

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of Islam Socio-economic changes where all citizens have equal opportunities in education, health, goods and etc. Technological change where there must be innovation as well as development of research and technology

1.2 Economic Development cont. Conventional Islamic

1.3 Economic structure and Trend

Basic Definition ECONOMIC STRUCTURE ECONOMIC ACTIVITY Composition of economic activities Every activity that leads to the production of goods and services

PRODUCTION STRUCTURE Indicates the relative importance of the various sectors of the economy and whether their contributions to GDP change with time EMPLOYMENT STRUCTURE Related to output structure and the methods of production EXPORT STRUCTURES A study of composition of export to indicates the relative importance of the commodities/output to the economy and the openness of the economy.

1.3 Economic structure and Trend

Economic Activities 1 Primary sector 2 Secondary sector 3 Tertiary/service sector

1.3 Economic structure and Trend cont.

Economic Structure Focused on.. 1 Production 2 Employment 3 Export structure

Structural changes & trend in Malaysia

1Primary sector Production Employment 2Secondar Export y sector structure Before independence At independence Between 1970 1985 Between 1987 1997 Between 2000 2005 Between 2005 2010

1.3 Economic structure and Trend cont.

3Tertiary/ service sector