by Simon Ng | Aug 3, 2015 | Aims of Government, Economic Indicators, Economics Tuition, JC Economics Essays, Macroeconomic Policies, Macroeconomics, National Income Accounting |
The ultimate goal of all governments is to improve the general standard of living of its population. Explain how a government can improve the current and future standard of living of its population. [12] Introduction Standard of living measures the average quality of...
by Simon Ng | Aug 3, 2015 | Cost of Production, Economics Tuition, JC Economics Essays, Market Structures, Microeconomics |
Discuss the relative significance of input cost, consumer incomes and market concentration in influencing firms’ pricing decisions in your country. [25] Introduction Firms in most industries in Singapore face an imperfect market condition and the pricing behaviours...
by Simon Ng | Aug 1, 2015 | Economic Indicators, Economics Tuition, JC Economics Essays, Macroeconomics, National Income Accounting |
Explain the indicators used in assessing the economic health of a country. The economic health of a country refers to the standard of living (SOL) of a country, which includes the material and non-material aspects. For the material aspect of SOL, it determines the...
by Simon Ng | Jul 12, 2015 | Economics Tuition, JC Economics Essays, Market Failures, Microeconomics |
Assess the view that the Singapore government should use taxes rather than any other economic policies when dealing with the market failure associated with negative externalities. [25] Introduction Negative externalities are adverse effects imposed on third parties...
by Simon Ng | Jul 8, 2015 | Economics Tuition, ePublications |
For JC students who are taking their A Level Economics Tuition, they are in need of an intensive revision programme to better prepare themselves for their impending examination. In the development of the intensive revision for Economics, they need to have the...
by Simon Ng | Jul 3, 2015 | Economics Tuition, Elasticity of Demand and Supply, JC Economics Essays, Microeconomics, Theory of Demand and Supply |
2010 marked a trying time for the airline business. The eruption of the Icelandic volcano caused cancellations of 95,000 flights over Europe. One week later, the BP oil well exploded in the Gulf of Mexico, resulting in the worst oil spill in US history. Using economic...
