Well, the issue is the Malaysia's economic downfall. Malaysia is now heading to another economic crisis. Due to the economic crisis, the industry suffered tremendously. This is because as the economy has set back the blooming construction industry into a sudden fall and a major drop in growth graph. Suddenly, everything was declined in the construction and no new works was done. There were lots of projects that delayed and many workers are loosing their jobs recently.
COMPONENTS OF SOCIAL CHANGE
a) The identity of changes are (i) the behavior of the society. People starting to save their money and their savings in order to live. Some of the workers from the private sector works harder than they used to because of afraid being fired by their employers. (ii) the productivity rate. The products produce by the companies are less than usual. These companies tries to keep the level of quality for their products. So, the productivity rate became lesser than before.
b) The level of changes happens throughout the organizations and society. The organizations have to retrenched their employees in order to keep their companies stable with less budgetary problems. The society will also feel the changes too during the economic downfall. The society have to save in spending their money because of the price of goods have increased too.
c) The duration of change in this issue is a short-term phenomena. Most of the time, when a country suffers from the economic downfall, it will only last from few years. It doesn't last long. The countries will recover from the economic downfall as fast as they can.
d) The magnitude of change are comprehensive and revolutionary. It is comprehensive because the whole society in the country felt the changes happened in the country and life due to economic downfall. It does not only effect organizations, employees or undergraduates but the whole society in the country including people in the rural areas or even housewives. As for revolutionary, it is really drastic. As we can see, during the economic downfall, the price of oil increased massively. The price of oil did not increase slowly but drastically. This does not only apply to the price of oil but to the price of goods too.
e) The rate of change are fast and spasmodic. When the economic downfall, the rate of change becomes fast as it involves the flow of income of the society in most of the things including oils, goods and loans. The behavior of the society changes fast as the increments of price and the shortage of money or sources. It is certainly not continuous because the economy of the country will be better sooner of later. Usually the economic downfall lasts for only few years. Besides, the country's economy will change throughout the time.
VARIABLES/SOURCES OF SOCIAL CHANGE
1) The productivity of the goods in some industry may tend to become slower. It means that when the workers has been reduced, the quantity and quality of the product will decrease.
2) The political system in the country may become chaos as the politician are focusing to the economic problem and with the other matters as well.
3) There will be competitions between the citizens, especially those who are jobless, in finding their jobs.