Econs Q2

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Walmart

luonut Nikhil Surroch

Chapter 3 National Income

luonut Remek Debski

Variations In Development In The World

luonut Lookesh Panirselvam

Best DJS EVER

luonut kerfant jérémy

Econs Q2 Setting Up Yogurt Ice Cream Store

Supply

goods in joint supply

Supply of milk increase

Supply of yoghurt increase

Government Policies

Subsidies to help Small Medium Enterprises

Size of industries

more yoghurt shops, increase in supply

Natural Factors

Cow contracts disease which prevents them from lactating and producing milk. LOL

Cost of Production

Higher prices of milk

Lower supply of yoghurt

Demand

Price

Greater Price= Smaller demand

Substitutes

Other options (Andersen's ice-cream, Mcdonalds Ice-cream etc.)

Taste and Preferences

More Health Conscious

Reduces risk of getting High Blood Pressure

Income

Singaporeans are more affluent now