Making Economic Sense

25/09/2017

Economies of Scale threatening local Minimarts

http://www.straitstimes.com/singapore/minimarts-face-big-challenges-as-sales-take-a-hit-this-year

Times are not good for minimarts and convenience stores this year, even though the economy looks to be improving.. Read more at straitstimes.com.

29/08/2017

External Economies of Scale explained...

https://www.facebook.com/FridayNEPAL/videos/1687395444606566/?hc_ref=ARRLFteh1oMxf0I32NPR9Oico39othl_mX5lCW1TM2imVGqETaJV7HNpARBHQmGpNQ4&pnref=story

25/08/2017

THE Inland Revenue Authority of Singapore (IRAS) collected S$47 billion in tax revenue in the fiscal year 2017, close to 5 per cent more than a year ago.

IRAS' collection accounts for 68.2 per cent of the Singapore's Government Operating Revenue (GOR). This amount accounted for 11.3 per cent of Singapore's Gross Domestic Product (GDP).

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24/08/2017

It's surprising that on the back of a recovering economy and with car sellers cutting car prices for cars that do not meet the Euro VI standards that demand for cars have come down.

What possible explanation do you have to explain this fall in COE prices?

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COE prices ended lower across the board at the latest tender on Wednesday, as sales slowed ahead of the implementation of a new emission standard.. Read more at straitstimes.com.

24/08/2017

As brought up by Jet Ng Zhi Xian, the potential tie up between ComfortDelGro and Uber may shake up the local taxi industry.

However, early indications say that this tie up may have a limited impact!

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http://www.todayonline.com/singapore/potential-comfortdelgro-uber-alliance-have-limited-impact-rivals-experts

SINGAPORE — A potential partnership between taxi operator ComfortDelGro and ride-hailing app Uber would have limited impact on the competition, namely rival app Grab and its five taxi company partners, said transport analysts yesterday. And as the battle for market dominance heats up, most of the an...

23/08/2017

Hello!

Welcome to Making Economic Sense (MES).

MES was started to bridge what we saw as unfortunate gaps between the theoretical study of Economics at the secondary and post secondary levels and the actual application of theory to explain the issues that are happening.

We hope to be able to provide short, concise and accurate analysis of the news of the day with an emphasis on the issues occurring in and around Singapore (at this time) and how they can be related to the study of Economics at the secondary and post secondary levels (Grades 9-10 and High School).

If you are a student and would like to further benefit from a fuller analysis of the issues of the day. We have 3 different packages available via our shop to suit your needs beginning from just under 50 cents a day.

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Regardless, we hope our work helps and we look forward to your views.

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Love,

The MES Team

23/08/2017

Topic 3: Smart Nation

"A Smart Nation is one where people are empowered by technology to lead meaningful and fulfilled lives.

Through harnessing the power of networks, data and info-comm technologies, we seek to improve living, create economic opportunity and build a closer community.

A Smart Nation is built not by Government, but by all of us - citizens, companies, agencies. This website chronicles some of our endeavours and future directions."

Why would Singapore want to embark on this seemingly impossible and expensive task?

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http://www.channelnewsasia.com/news/singapore/national-day-rally-national-sensor-network-to-be-used-for-9140092

SINGAPORE: When bombs went off during the Boston Marathon in April 2013, information from closed-circuit television (CCTV) cameras, social media, licence plate readers and videos and photographs from members of the public helped Boston police to identify the bombers. Combing through this data, the p...

23/08/2017

Google and Walmart are giants in their own field. The impact of this cooperation would be enormous and would have wide ranging consequences.

How would the "battle" between these firms play out?

(Is "cooperation" a way to get around anti-competition regulations?)

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https://www.nytimes.com/2017/08/23/technology/google-walmart-e-commerce-partnership.html?rref=collection%2Fsectioncollection%2Fbusiness&action=click&contentCollection=business®ion=rank&module=package&version=highlights&contentPlacement=2&pgtype=sectionfront

The companies are working together to keep pace in the race for online shoppers. They hope a transition to voice technology will help.

22/08/2017

Would you consider this a supply side policy aimed at boosting the productivity of the country?

(geddit? Productivity?)



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http://www.straitstimes.com/politics/national-day-rally-2017-more-childcare-places-and-moe-kindergartens-new-institute-for-pre

SINGAPORE - Young parents can expect more childcare places, more quality kindergartens and better-trained pre-school teachers with the setting up of a new national institute for the profession.. Read more at straitstimes.com.

21/08/2017

The great Chinese spending spree continues...

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https://www.nytimes.com/2017/08/21/business/jeep-fiat-chrysler-great-wall-china.html?rref=collection%2Fsectioncollection%2Fbusiness&action=click&contentCollection=business®ion=stream&module=stream_unit&version=latest&contentPlacement=2&pgtype=sectionfront

A deal would give Great Wall Motor Co. a foothold abroad and help China become a global force in the industry. But Jeep’s parent company said there had been no overtures.

21/08/2017

Threat of Contestable Markets indeed! Also a good example of how disruptive technology can be!

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https://www.nytimes.com/2017/08/20/business/media/tv-marketplace-apple-facebook-google.html?rref=collection%2Fsectioncollection%2Fbusiness&action=click&contentCollection=business®ion=rank&module=package&version=highlights&contentPlacement=2&pgtype=sectionfront

The arrival of Apple, Facebook and Google means that the hypercompetitive world of scripted TV is going to become even more ferocious.

21/08/2017

Social issues impacting Economic Issues and vice versa...

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http://www.businessinsider.com/japan-fertility-crisis-2017-4/?IR=T

Shrinking GDP and a falling population are poised to turn Japan into what economists call a "demographic time bomb," and other countries could be next.