INTRODUCTION
In
order to own a car, consumers nowadays have to work harder due to the increase
in price of a car. Apparently, the problem occurred when the price of a car is
almost the same price of a house.
ECONOMIC INFLUENCE FACTORS- OPPORTUNITY COST
Opportunity costs are the benefits forgone by
choosing one alternatives from the opportunity set which refers to the
alternative action that are available to a decision maker. Because consumers
cannot have everything, they have to decide what they will have and what they
must forgo. In order to obtain one thing, society forgoes the opportunity of
getting the next best thing as that is what we call as opportunity cost.
Nowadays as a fresh graduate, it is difficult for a person to buy a car due to
the changing in society which highlights the price increase of a car. It will
somehow create a second thoughts in human mind to make a decision that
satisfies them. For instance, the local car in the market recently costs around
RM 50, 000,000 while an international car will costs around RM 120, 000, 000. Meanwhile at the same time the
price of a condominium costs around RM 250, 000 ,000. It is hard to earn that
much of money in short run nor long run. Those
fresh graduates need to take an opportunity costs either to buy a car or a house because the time
lapse to return the loan is pretty long.
CONCLUSION
Government have to improve
the public transportation such as the bus and LRT for instance. This is because
when our country provides better transportation system, many foreigners will be
attracted to visit our country, Malaysia. Furthermore, it will certainly
increase our country’s economy system. Consumers could save more money despite
having to pay for petroleum expenses, car services and so on.