MAEC Group Project TI03 by https://padlet.com/faheemah_khairiya/4v627scsc47f Team Members: Dawn, Darrah, Faheemah and Victoria en-us 2018-05-14 10:32:54 UTC 2018-07-18 14:46:15 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Rocket.png maayechan_maw62 https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/260786966 Article 1 Concept - Gross Domestic Product ]]> 2018-05-15 10:45:05 UTC https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/260786966 maayechan_maw62 https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/260787040     Article 3 Concept - Inflation]]> 2018-05-15 10:45:25 UTC https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/260787040 Applicable Concepts For The Selected Articles faheemah_khairiya https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/260815814 Concept 1: The Product of a Nation - Gross Domestic Product (GDP)
Concept 2: Business Cycle & Unemployment
Concept 3: Inflation]]> 2018-05-15 12:29:26 UTC https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/260815814 Preliminary Analysis For Article 1 dawnngyw https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/260819422 Singapore's GDP increased by 0.7% in the first quarter of this year as compared to the previous quarter. The manufacturing sector is the sector that has been doing best in the economy and also helped to boost Singapore’s economy in the first quarter of 2018. The growth in this sector will eventually decrease as global economic conditions normalize. 
There is a slight decrease in global demand for electronics and this will affect Singapore's manufacturing sector by slowing down their expansion which will in turn affect Singapore's economy as well.
]]> 2018-05-15 12:38:42 UTC https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/260819422 Preliminary Analysis For Article 2 darrahtan20 https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/261112750 Singapore's unemployment rate decreased by a small margin of 0.1% compared to last year. Retrenchments also decreased. There is a few sectors in Singapore that witness an increase in employment rate. Job opportunities will continue to be available in most sectors but for sectors such as construction and marine shipyard, it'll remain cautious with their hiring.]]> 2018-05-16 07:20:37 UTC https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/261112750 darrahtan20 https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/261114714 Article 2 Concept - Business Cycle & Unemployment]]> 2018-05-16 07:30:41 UTC https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/261114714 Definition of Concept Terms maayechan_maw62 https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/261127082
                               Gross Domestic Product
Gross Domestic Product (GDP) is the measure of a nation's economic performance as well as the health of its economy as a whole.

                                       Business Cycle
Business Cycle is the alternating periods of economic growth and economic decline which can be measured by changes in the Real GDP. In addition, it consists of the four main stages which includes peak, recession, trough and recovery.   

                                           Inflation
Inflation is the sustained and continuous increase in the general/average level of prices of the goods and services in the country's economy.]]> 2018-05-16 08:22:29 UTC https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/261127082 Prelim Analysis For Article 3 faheemah_khairiya https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/261136780 In the month of March, the Inflation Level was slightly stagnant. The stagnant level would mean that the prices of goods and services were not increased generally. This resulted in a slow movement in the different sectors Inflation Rate. For example, in the Services Sector, the inflation rate was 1.4% in March and 1.9% in the February. From the cause of the slow inflation rate, the solutions would be efficiently developed overtime. For instance implementing certain monetary policies to assist this issue of inflation. Hence, the question is, how is Singapore as a growing nation and a trading hub ensure that the economy is doing well and have a strong and steady inflation rate? ]]> 2018-05-16 09:01:32 UTC https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/261136780 faheemah_khairiya https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/261163270 2018-05-16 11:02:08 UTC https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/261163270 Decrease In Global Demand In The Electronics Sector faheemah_khairiya https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/268865230 The possible reason why there is a decrease in global demand in the electronics sector would probably be due to each country's production capability and capacity. Currently, there is definitely various Factors of Production in each country and hence, they would be able to use these resources to produce their own electronic products as well as services. If the country is able to produce these products and services at a certain level where consumers are satisfied with it, they would not necessarily have to import these items which decreases the demand in the particular sector. In addition, if countries are able to increase production with an effective cost, there would be more reason for the  decreased demand for a certain product. 

]]> 2018-06-28 13:22:38 UTC https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/268865230 Effect On Singapore faheemah_khairiya https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/268868745 The decrease in demand in any sector definitely affects a country. Firstly in Singapore itself, it has an impact on the Net Exports. The decrease in demand would mean that other countries such as Malaysia, China and Indonesia would import items from Singapore at a slower pace. In addition, Singaporeans may also demand less which would cause a slower pace for the import of electronic items into Singapore itself. If both exports as well as imports start to decrease simultaneously, the Net Export component in calculating GDP would also see a decline. In order to have a good and stable GDP, all the four key components would have to be of a certain value and hence, by having a low Net Export value, it can possibly affect the GDP value negatively. As one of the more competitive country conducting international trade, it is key to be able to balance exports and imports in order to stabilize and solve the issue of having either too many exports or imports both externally and internally.  ]]> 2018-06-28 13:50:43 UTC https://padlet.com/faheemah_khairiya/4v627scsc47f/wish/268868745