Government Influence on Prices
Exploring how governments can sometimes set limits on prices (e.g., for essential goods) or minimum wages, and the potential effects.
Key Questions
- Why might a government set a maximum price for a basic food item?
- What are the possible benefits and drawbacks of a minimum wage?
- Discuss examples of how government policies affect prices in Singapore.
MOE Syllabus Outcomes
Suggested Methodologies
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