have u realised why singapore is getting so expensive, its
because its prices are controlled by artificial means through the
use of one or two limited entitites to deliver services and
goods..
There is no competition to bring prices down. Why should there be a
competition?
Competition ensures that the general price index doesnt rise too
high, for example an alternative transport compay decided to price
a value based offer better than the competitors, naturally the
prices of commutation will come down
On the other hand prices may rise too if there is too much of a
free market resulting in price fixing and monopolistic
practices.The answer to this is a commission set up with
authorative powers and effective laws to regulate prices before it
reaches the end customer. But this will not work if the supreme
overseer, a corporate like government wants to make a profit by
buying up goods and service providers. It will end up being worst
with prices going sky high
This scheme of thought process is particularly important in
industries like food , housing and transportation, the basic
industries as everything else like expenditure and buying power are
closely related to them. Any price spike in these "basic" goods and
services may result in a chain effect increasing the overall price
index.
Glossary:
A price index (plural: “price indices” or “price indexes”) is a
normalized average (typically a weighted average) of prices for a
given class of goods or services
point is that if the lee copper is link to the bussinss = what
go up will never come down.
they say there are goin to be a 19% pay cut 2 months ago but
till this day......
(19/100%/ pay cheque) X no of the ppl = (mil x months) =
mils
if this money is put into saving the singaporean =
thousands will benefits
