by Simon Ng | Aug 20, 2015 | Economic Indicators, Economics Tuition, JC Economics Essays, Macroeconomics, National Income Accounting |
In Singapore, the enforcement of a good crime enforcement system has significantly reduced the level of crime rates and illegal activities in Singapore. However, in the past, where the presence of illegal activities/pirated transactions was rampant, it may have...
by Simon Ng | Aug 13, 2015 | Central Economic Problem, Economics Tuition, JC Economics Notes, Microeconomics |
Economic growth refers to the growth of production, seen in terms of actual and potential production capacity. Actual economic growth, also known as short term growth, is commonly measured in terms of a percentage change in the real Gross Domestic Product (GDP). The...
by Simon Ng | Aug 13, 2015 | Economic Indicators, JC Economics Essays, Macroeconomics, National Income Accounting |
Standard of living refers to the average quality of life of a population that includes the material and non-material aspects of life. The material aspect or quantitative value of SOL is determined by the quantity of goods and services enjoyed by the individual through...
by Simon Ng | Aug 10, 2015 | Aims of Government, Economics Tuition, JC Economics Essays, Macroeconomic Policies, Macroeconomics |
To what extent is the policy of gradual appreciation of the Singapore Dollar always a desirable approach to maintain economic stability in Singapore? Introduction When an economy seeks to achieve economic stability, the government strives to achieve low inflation rate...
by Simon Ng | Aug 10, 2015 | Aims of Government, Economics Tuition, JC Economics Essays, Macroeconomic Policies, Macroeconomics |
Amidst the slow growth in the EU, the persistently high budget deficit and ballooning public debt have become major concerns for many governments in the EU. As a result, they have implemented ‘austerity measures’ to reduce their budget deficit by raising...
