The Foundation of Choice · Microeconomics

Factors of Production

Identifying the resources required to produce goods and services and how they are utilized in Singapore.

Key Questions

  1. 1How does the lack of natural resources influence Singapore's investment in human capital?
  2. 2What incentives drive entrepreneurs to combine land, labor, and capital in innovative ways?
  3. 3Who benefits and who bears the costs when a firm automates its production line?

MOE Syllabus Outcomes

MOE: Resources and Production - S3
Level: Secondary 3
Subject: Economics
Unit: The Foundation of Choice
Period: Microeconomics

Suggested Methodologies

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