Unlike Australia, Singapore functions independently from the agriculture, forestry and fishing sector, in fact only 0.1% of its labour force is agriculturally based. ... As of 2013, the labour force participation rate rose to a new high in Singapore. Females and older residents joined the labour force, raising labour force participation rate for the second consecutive year to a new high of 66.7% as shown in Figure 5 below. The rate of females' participation in the labour force rose significantly over the decade from 50.9% in 2003 to 58.1% in 2013 while the labour force participation rate ...

• Word Count: 2267
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate

Forcing states to reduce investment in basic provision Non-western states have been told to reduce intervention in their economy, as this would allow the emergence of a free market economy and in addition release funds that would allow the servicing of debt. ...

• Word Count: 3797
• Approx Pages: 15
• Grade Level: Undergraduate

Comparative Economic Systems It would be extremely easy to state that economics is an area of study that seeks efficient use of scarce resources to satisfy unlimited wants and that economic systems simply refer to the outcomes of economic activities, which are influenced by social, natural and political settings. However, it is clear that economics goes far beyond utilizing resources or levels of development and by comparing different economic systems one can analyze their importance and influence on other sectors of society. Apart from affecting other sectors, an economic system is also ...

• Word Count: 4711
• Approx Pages: 19
• Has Bibliography
• Grade Level: Undergraduate