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The price of a good or service is defined as the value of one unit of that good or service.
The prices used in the calculation of the CPI are retail prices or transacted prices including all taxes imposed on those goods and services.
Prices are collected on a monthly basis for all items except for perishable food items where the collection is done on weekly basis. Rents are collected once in a quarter.
A price index is an average of the proportionate changes in the prices of a specified set of goods and services between two periods of time.
Primary incomes are incomes that accrue to institutional units as a consequence of their involvement in processes of production or ownership of assets that may be needed for purposes of production.
Primary income cover two types of transactions namely compensation of employees and investment income between residents and non-residents. Compensation of employees refer to wages, salaries, and other benefits (in cash or in kind) earned by resident workers working abroad or paid to non-resident wokers working in Malaysia.
Investment income involves income receipts and payments on external financial assets and liabilities.
Households living in private living quarters belonging to the category known as housing units, which include houses, flats and apartments, rooms (having direct access), temporary/improvised huts and other such unit, which are not occupied by institutional or non-private households.
This is a private corporation established to undertake a business with the objective of making a profit. The shares are closely held by shareholders of the corporation who has control over its operation. It is registered with limited liability. A private limited company has its Memorandum and Articles of Association, which among others:
a. Restricts the righ to transfer its shares;
b. Limits the number of its shareholder between two to fifty (not including employees of the company and past employees who are currently members);
c. Prohibits any invitation to the public to subscribe for any share or debenture of the company; and
d. Prohibits any invitation to the public to deposit money with the company for fixed periods or payable at call with or without interest.
A producer's price is the amount receivable by the producer from the purchaser for a unit of a good or service produced as output minus any VAT, or similar deductible tax, invoiced to the purchaser; it excludes any transport charges invoiced separately by the producer.
Production is an activity, carried out under the responsibility, control and management of an institutional unit, that uses inputs of labour, capital, and goods and services to produce outputs of goods and services.
The production account records the activity of producing goods and services as defined within the SNA.
The production boundary includes all production actually destined for the market, whether for sale or barter, all goods or services provided free to individual households or collectively to the community by government units or NPISHs, all goods produced for own use, own-account production of housing services and services produced by employing paid domestic staff.
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