SECTION 1: Ethical Enterprises in the modern economic system: the circular economy

1. 4 circular economy strategies of golf club two services:

1.1 Golfing

• The golf business has been wed to a linear economy for a long time; the 'take, make,
dispose concept can be found throughout, especially in the golf products market. In order to
facilitate a Circular Economy, as the manager, it is critical to make the most of existing assets
and materials. According to Global Sustainability, prolonging the functional life of each asset
assists us maintain the earth's important and finite resources. Competitive environment among
companies encourages the attitude that we must annually get the new ball or tool that enhances
accuracy or range, from golf balls to clubs to apparels so that I suggest the following strategies
below:

a. Packaging - As a concentrated sector emerges from the Great Recession, battle

among the machinery industry's top players is fierce. As the one who manage it,
technological factor matters. Manufacturers are always improving their clubs in
order to assist golfers improve their game and hit the ball further as on how I
manage the Golf Clubs. Recycle, process materials to produce the same high or
low excellence is one strategy in the numerous R principles that I can propose.
For me it is beneficial to the club so that no one will left behind in the product
that can be made as a new one. Packaging is one of the most prominent ideas in
golf, as it attracts clients' attention to products or service. Golfing will be viewed
again in the market if the bundle is made extra appealing and compelling so that
I visually see the effectiveness of it. Example of this are the equipment that uses
in golf like the golf ball which can be more good to see.

b. Upgrading Product – As the one who manage, golf club manufacturers will
have to surmount a substantial lack of oversight if companies want to be a part of a
product upgrade Many companies have acknowledged their ethical supply management
processes and regulations, but that isn't the same as stating how much virgin stuff goes
into each golf club. Remanufacture or using pieces of rejected products in a new product
with the same functionalities is another strategy under the various R approach that I
recommend to utilize. This will reduce the costs of converting golfing to a more modern
 form that will attract market interest. Example is the quality of the product used, needed
to be more firm to used and secured the safety of the customers.

1.2 Wedding and Functions

a. a. Exquisite Setting - As one of the most beautiful days of a person's life, a
wedding, having the best pattern or backdrop in golf clubs is one of the most
important aspects of it. Our clubs are intended to make folks feel exquisite and
sophisticated, as if members of a certain organization are all welcome. Golf
courses, with their opulent ambience, are also ideal locations for weddings.
And as the manager, refurbish is one R principle that suits upon that. Restore
is featured in a new product that can be develop and equip in good ways.
Example, it can be used as a location for any event that requires an excellent
setting and atmosphere.
b. Take in the Gorgeous Scenery- As the one who manage it, it’s tough to
fathom a much more magnificent and well-kept outdoor setting than that seen
at golf courses. These natural areas are typically created out of the heart of
suburbs and cities, and are intended to be natural havens. People come to get
away from the hustle and commotion of their everyday life and unwind for a
relax time amidst the wonders of nature, as the club planners understand. As a
result, many planners go to great lengths to create golf courses that resemble
unique paradises filled with breath-taking scenery. To the development of our
clubs I suggest As one of the other R principles, it fits on the R principle of
rethinking. Bringing golf clubs more approachable to the general populace
and allowing them to experience their magnificence example is on
photography.

SECTION 2: International Trade and Development

1. Capital Goods
The National Capital Goods Policy 2016 describes capital goods as any machine
parts, equipment, or parts and wholes, explicitly or implicitly, for the production of a
wide range of products or the delivery of a service, including those associated with
product partial substitute, modernization, dominant concept, or expansion. This is one of
Papua New Guinea's least complex areas. With the rise of complex, cumulative
innovations and the dissolving of conventional industry boundaries, data communication
technology dispersion is becoming increasingly vital for innovative thinking. The patent
grant makes the social agreement apparent. In exchange for the sole right to manufacture,
sell, and use the invention, the inventors receive an exclusive license.
For me as the one who manage the trade , one of the most essential aspects of this
country's capital goods is creativity. It assesses the opportunity to support the objectives
of artistic and cultural institutions, such as the formation of new works of lasting
significance, the presentation of remarkable displays, the production of large productions,
and the inspiration of an ever-increasing audience. Employees will be able to exhibit their
ingenuity by manufacturing capital goods items that will increases the effectiveness and
variety of exports. Creativity has an effect on the outcomes as well. All of this is in
accordance with infrastructure innovation in capital goods. To make the export more
viable, more equipment would have been required to boost employees and ensuring that
manufacturing was finished properly.
Because the United States is one of the top exporters of capital goods and I see
they are innovated in exporting and importing as well, it will most likely be one of Papua
New Guinea's target markets once their government allows for creativity and innovation.
For me, creativity and innovation are what we really need to give importance and make it
happen immediately mostly when this kind of complexity happen. The fact that this
country has 50 estates that can be used as a basis of export and contribute to the growth
of Australia's economy is a significant factor. One of Papua New Guinea's trade policies
is that the country's continuous lack of a cohesive trade national policy is no longer
feasible. There are several causes for this. First and foremost, the leadership understands
the crucial role of international commerce in attaining the country's development goals.
In its Policy Statement on "Recovery and Growth," the government stressed a "open and
market ’s reconstruction approach," as previously noted. As I prefer that this country
really need in changes physically and mentally mostly economically as they are faces
also in different issues in the government. For me, this lays the groundwork for
developing a consistent trade policy framework to integrate trade into national
infrastructure goals and plans, and to lead the execution of an open and market economic
 treatment method. Broadly said, if the circumstance requires low-risk performance,
originality and innovation are required. As the one who suggest to implement the
creativity and innovation, the goal of this work is to raise the amount of capital goods that
this country sends to other major trading nations and make this happen with a purpose.

SECTION 3: Microeconomics Fundaments

1. As I review this, when comparing the microeconomics of the Maldives with Australia up
to the present day, Australia's growth is superior. Maldives is in the downturn and trough
of the business cycle. In subsequent years, unemployment rises in lockstep with inflation.
For me, this factor affects the economic performance. The economy is growing
continuing to slow, and as it goes below the sustained growth line, the trademark
registration continues to be in deficit in their market. The economy's growth rate has
slowed to a halt. The price of components, as well as the macroeconomic conditions of
products and services, will continue to fall until they hit their lowest level. The economy
finally hits a low point. It is an economy's negative saturation point. The national income
and spending have both been depleted to a large extent.

According to Trading Economics, unemployment in the Maldives has increased, and

trade has decreased to a negative number. Lack of a qualified workers for elevated jobs,
as well as a reluctance to adopt "low status" jobs, are two of the key causes for the high
levels of unemployment among local Maldivians. A well-trained workforce is essential
for a source of energy country like the Maldives to maintain long-term prosperity. The
most recent data support our forecasts for a smaller trade deficit and weaker capital
inflows in 2020. We continue to believe that import growth will surpass export growth in
2021, causing the imbalance to worsen. While the currency rate will be under strain in
2021, we remain optimistic about the rufiyaa-US relationship.

(i) Four Season Hotel owns and operates over 100 hotels and resorts across the
globe. In the Maldives, where hotel performance is excellent and good in the
tourism business, it would be better if they expanded hotel operations throughout
 the country, primarily in the Maldives' commerce area, where tourists are the
primary focus. As the one who manage this hotel in this country, I suggest an
extension for hotel operation as well as an opportunity to progress. The Four
Season Hotel is outstanding and continues to expand, and the Maldives' status as
one of the most attractive tourist destinations increases its popularity and
recognition in the market and tourist business. I believe that its helps a lot to
improve and gained the economic growth of Maldives country.

(ii) As the unemployment rate in the Maldives rises, as I suggest it is ideal to hire
new hospitality managers and other hotel employees, particularly the skilled ones
who really needed to be trained and expose. As the hotel's reputation grows
around the country, more manpower is required to hired. For me, employee is one
of the bloodline of any country.

SECTION 4: Fiscal, Monetary and Supply- side policy

1. In Country X, central bank be likely decrease its official interest rate because they sustain
the needs of people without a bounce back to the government like they teach their people
to depends on them.
a. This product has a large unemployment numbers, and the government's
response is to grant unemployment compensation. As a result of this policy,
people are not expanding, and buyers are paying more as a consequence of the
lack of manpower. If the government provides them with funds to begin with,
company involvement may grow, but if not, no foreign investors will come.
Employees are critical to a country's success.

b. Jobless rate - As a country-created solution, it can be useful in certain aspects

but not in others. It is more vital for the government to educate its population
so that they can become industrious and find jobs that meet their requirements
while also contributing to Country X's economic development.
c. c. Inflation rate - If the official rate continues to fall, inflation will continue to
climb. Goods become pricier if a country is unable to recoup the necessary
revenue from the things it imports and exports. This section necessitates a
significant amount of work in order to promote the products and sell them
globally. However, unemployed workers will be spoon-fed for so long that the
country will not grow.

d. Currency exchange rate - It will value in this situation since there will be no
consumers or shareholders for the products, therefore the exchange rate will
be greater but the product lines will be lower.

e. The exchange rate effects on the country’s exports – The trade balance will
deficit because of lack in manpower or employees. Enough products will not
be granted and low performance increases. Unemployment as one of the
factors that affects the trade balance rate of a country reflects on the
performance and action made the government.