but as u can see in Singapore, good and services are cheaper
than Aus....
That's not entirely true, based on the "law of one price", price of
goods should be almost the same (subject to transportation cost) in
all free markets.
Unless tariffs are imposed on the imports of goods, like in the
case China.
Else goods traded in a free market should be almost the
same.
If you take Singapore for example, it imports almost all of it's
agricultural needs, taking into the effect of transporting
agricultural products
from Australia, it will actually cost more in Singapore than
Australia.
Cost of other agriculture products like meat, pasta and
rice might actually be cheaper when compared to Singapore.
Unless you talk about having your meals in a restaurant
everyday, then cost will be more significant.
Probably one of the reasons why Australia has a lower Gini
Coefficient, because it pays it's low wage earners more
than what Singapore pays it's low wage earners.
In Australia and Hong Kong, the transport operators have monthly
passes, which are much cheaper than per trip fares charged.
SMRT does not provide this option of having a monthly pass for
commuters, which more or less explains the SMRT exploitation
of daily commuters for more profits.
http://www.homeshop.com.au/category.asp
http://www.coldstorage.com.sg/mall/
