Economics Tuition: 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

by Simon Ng | Jul 12, 2015 | Economics Tuition, JC Economics Essays, Market Failures, Microeconomics | 0 comments

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...

Economics Tuition: Is taxation a good measure to curb smoking in Singapore?

by Simon Ng | Jun 3, 2014 | Economics Tuition, JC Economics Essays, Market Failures, Microeconomics | 0 comments

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...