What are the major factors affecting general price level in the Singapore economy?

0 ⤊

What are the major factors affecting general price level in the Singapore economy?

2006-12-16 21:33:32 · 4 answers · asked by JiShin 1 in Social Science ➔ Economics

4 answers

A recovery from their banking industry failures in recent years, a booming Chinese economy, and a narrowing trade deficit.

2006-12-16 21:38:07 · answer #1 · answered by Dethruhate 5 · 0⤊ 0⤋

Since Singapore does not have its own natural resources, stabilizing local market prices requires a close watch. Therefore government intervention is essential. It is the strong overseas investment arm of Singapore which offsets any major fluctuation from happening.

2006-12-16 21:43:12 · answer #2 · answered by catcher 3 · 0⤊ 0⤋

Same as they are in any market economy: Supply and demand

2006-12-16 21:40:27 · answer #3 · answered by bata4689 4 · 0⤊ 0⤋

Inflation- if inflation is high, prices increase.

2006-12-16 21:41:45 · answer #4 · answered by Wongm 2 · 0⤊ 0⤋