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WHAT IS DEFLATION? Articles are from investopedia. Deflation is an economic term used to describe a period of declining prices for goods and services. Decreases in the money supply, government spending, consumer demand and business investment have all been cited as causes of deflation. Deflation usually happens during an economic depression when there is lower…
Image source Economy grew moderately The economy grew a “moderate” 2.8 per cent in 2014 as productivity gains remained weak for a third straight year, Prime Minister Lee Hsien Loong said on Wednesday. But incomes continued to rise, he added in his yearly New Year message. The growth rate was a tad lower than official forecasts…
There is an updated version of the H2 Economics syllabus since 2015 in the SEAB website. You can go to the official SEAB website and download for your own reading. Did a quick glance through and below are the changes I discovered. Bullets have changed from square to circle. Page 5 comments missing a square…