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 resulting in what we call inflation.
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
in other words you're trying to tell us every must be done in
moderation?