What Is Economic Growth?
Economic growth is defined as the increase in an economy’s capacity to produce more goods and services. It is often measured in terms of GNP (Gross National Product) or GDP (Gross Domestic Product). This topic usually requires students to understand the factors that give rise to economic growth in an economy as well as identify the repercussions of economic growth to an economy and its related entities.
Economics Tuition: Discuss the view that a large increase in national income is often but not always desirable
Understand how national income can affect the economy Discuss the view that a large increase in national income is often but not always desirable.  Question Requirements What you need to know to attempt this essay...read more
Economics Tuition: How can Singapore overcome her economic constraints to achieve sustainable economic growth?
The measures adopted by the government has helped Singapore to achieve sustainable economic growth as it has raised actual production and expanded production capacity through the production possibility curve. The influx of foreign workers, land reclamation and import...read more
Economics Tuition: Explain why inflation can remain high despite a slowdown in economic growth in Singapore
Singapore experienced a quarterly growth rate of -0.7% from April to June 2012. However during the same period, inflation rate remained high at about 5%. Explain why inflation can remain high despite a slowdown in economic growth in Singapore.  Introduction...read more