by Simon Ng | Jun 29, 2014 | Economics Tuition, JC Economics Essays, Microeconomics, Theory of Demand and Supply |
Introduction Impact on the aviation industry in terms of input on market equilibrium – how price and output will change – affected by changes in demand and supply due to the above events Main Body 1. Explain how the above events affect the demand and supply in the...
by Simon Ng | Jun 29, 2014 | Economics Tuition, Elasticity of Demand and Supply, Income and Cross Elasticity of Demand, JC Economics Essays, Microeconomics |
Introduction Definition of PED and PED and state the market information of the PED and PES will help producers in deriving the effective price and production strategy to raise and minimise cost of production so as to raise the profit. Main Body 1. Explain how the...
by Simon Ng | Jun 3, 2014 | Economics Tuition, JC Economics Essays, Market Failures, Microeconomics |
Smoking is considered a demerit good as it incurs negative externality which is the third party effect imposed on non-smokers or the society and this is seen in terms of the negative effects of passive smoking which will undermine the society from developing a healthy...
by Simon Ng | Jun 30, 2013 | AS-AD Models and National Income Determination, Economics Tuition, JC Economics Essays, Macroeconomics |
Explain how an increase in government expenditure will affect the economy? Introduction Government expenditure refers to expenditure on goods and services spent that are for ordinary and development expenditure in areas such as, provision of public goods and defense....
by Simon Ng | May 10, 2013 | Economics Tuition, JC Economics Essays, Macroeconomics, Unemployment |
Why should the government focus on low rate of unemployment? Introduction Unemployment occurs when workers who are willing to work but are not offered a job. The level of unemployment can be determined by the unemployment rate which is the ratio of unemployed workers...
