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In economics, the market mechanism is a mechanism by which the use of money exchanged by buyers and sellers with an open and understood system of value and time trade-offs in a market tends to optimize distribution of goods and services in at least some ways.
Pasar malam is a Malay word that literally means "night market" (the word pasar comes from bazaar in Persian [1] [2]). A pasar malam is a street market in Indonesia , Malaysia , Brunei and Singapore that opens in the evening, usually in residential neighbourhoods. [ 3 ]
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The difference between pasar pagi and pasar malam is in its operating hours. Pasar pagi opens early in the morning from dawn to noon every day, approximately from 04:00 to 12:00. On the other hand, pasar malam opens at night, approximately from 17:00 to 22:00, and only on selected days of the week. The type of goods being sold is also quite ...
Under the terms of the Charter Approving the Distribution of Citizens (Indonesian: Piagam Persetujuan Pembagian Warga Negara), Dutch nationals were granted a two-year window to choose between retaining their status as Dutch or becoming Indonesian nationals if they had lived in the country for six months. [61]
The growth of the economy was coincided by rapid expansion in corruption, collusion, and nepotism (Korupsi, Kolusi, dan Nepotisme / KKN). In the early 1980s, Suharto's children, particularly Siti Hardiyanti Rukmana ("Tutut"), Hutomo Mandala Putra ("Tommy"), and Bambang Trihatmodjo, grew increasingly venal and corrupt. Their companies were given ...