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Economics Tuition: Consider whether economic growth should be the top priority goal of a government. [15]

In 2007, the Singapore government increased the Goods and Services Tax rate to 7% and decreased the corporate tax rate to 18%. (b) Consider whether economic...

Economics Tuition: Explain how tax changes can help Singapore achieve higher economic growth. [10]

In 2007, the Singapore government increased the Goods and Services Tax rate to 7% and decreased the corporate tax rate to 18%. (a) Explain how the above tax...

Economics Tuition: Discuss the effectiveness of fiscal policy in sustaining economic growth and stability in Singapore. [15]

The recent financial crisis saw Singapore's exports plunge as the global recession has affected almost all major economies in the world, including the USA....

Government Regulation

How can governments regulate price and output?


Governments play an integral role in the free market economy. It’s purpose lies in the regulation of price and output through implementing laws and regulations in order to prevent market failure, protect the environment and ensure that an economy is  sustainable. Examiners like to test students on how well they understand the roles and responsibilities a government has in the economy as well as on their ability to suggest and improve upon current regulations to better handle economic ills.

Price Discrimination

In our economics tuition, this jc economics note provides a good understanding on the concept of price discrimination and the three degrees of price discrimination. What is price discrimination? Examine price setting behaviour of firms In technical terms, price...

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