To what extent has, the recession affected the consumption of demerit goods in Singapore.
The consumption of demerit goods is expected to suffer in recession since more and more households will have a conservative approach to their expenditures hence placing a bias on saving their incomes due to market uncertainties’. Singaporeans are not critical and sensitive cost.
The share of total consumption of foods and beverages, clothing and footwear has been declining from 1990 to 2000. For instance, food and beverage had a share of 25.1 % of total consumption in 1983, which fell to 13.8% by 2000. Contrastingly, services like medical care and attention to utilities showed considerable increase in their share of total private consumption.
Singapore …show more content…
The population in Singapore is aging hence; more people will be inclined to be more cautious about their lifestyle especially concerning their health. For example, caution will be employed on foods with lower cholesterol fats and sugar content while increasing demand for physical fitness.
As different as in many Western nations, private consumption is not accelerated much by credit disposal and affordability. On the other side, Singaporeans tend to have a robust saving culture prior to making purchases. This was revealed by a study conducted on the saving behavior in various Asian countries. The results presented shows that in 1996, saving in Singapore was 35.2 percent of GDP (Rojthamrong 2000). Singaporeans earn the description of being financially sober. The promotion of values such as frugality has been attributed to this saving culture. …show more content…
It may also lead to liver cirrhosis, inflammation of the pancreas and heart damages. In 2007, 2 %of the men consumed alcohol regularly while only 0.3 % of the women had that trend. This is close to 7 times that of men.
Binge
Binge drinking is defined as consumption of five or more alcoholic drinks for men or four or more alcoholic drinks for women in any one drinking session. The prevalence of binge drinking was also more common among men at 7 % than women at 2 %. Beer was the preferred choice of alcoholic drink in most the respondents in this survey.
Among Singapore residents aged between 18 and 69 years, 4.3% of men and 2.0% of women consumed alcohol on a regular basis. A higher proportion of Chinese (3.6%) and Indians (2.7%) consumed alcohol regularly compared to Malays (0.6%).
Regular alcohol intake was most common in men in the 60-69 age group (7.3%) while in women; regular alcohol intake was most common in the 40-49 age group
The consumption of demerit goods is expected to suffer in recession since more and more households will have a conservative approach to their expenditures hence placing a bias on saving their incomes due to market uncertainties’. Singaporeans are not critical and sensitive cost.
The share of total consumption of foods and beverages, clothing and footwear has been declining from 1990 to 2000. For instance, food and beverage had a share of 25.1 % of total consumption in 1983, which fell to 13.8% by 2000. Contrastingly, services like medical care and attention to utilities showed considerable increase in their share of total private consumption.
Singapore …show more content…
The population in Singapore is aging hence; more people will be inclined to be more cautious about their lifestyle especially concerning their health. For example, caution will be employed on foods with lower cholesterol fats and sugar content while increasing demand for physical fitness.
As different as in many Western nations, private consumption is not accelerated much by credit disposal and affordability. On the other side, Singaporeans tend to have a robust saving culture prior to making purchases. This was revealed by a study conducted on the saving behavior in various Asian countries. The results presented shows that in 1996, saving in Singapore was 35.2 percent of GDP (Rojthamrong 2000). Singaporeans earn the description of being financially sober. The promotion of values such as frugality has been attributed to this saving culture. …show more content…
It may also lead to liver cirrhosis, inflammation of the pancreas and heart damages. In 2007, 2 %of the men consumed alcohol regularly while only 0.3 % of the women had that trend. This is close to 7 times that of men.
Binge
Binge drinking is defined as consumption of five or more alcoholic drinks for men or four or more alcoholic drinks for women in any one drinking session. The prevalence of binge drinking was also more common among men at 7 % than women at 2 %. Beer was the preferred choice of alcoholic drink in most the respondents in this survey.
Among Singapore residents aged between 18 and 69 years, 4.3% of men and 2.0% of women consumed alcohol on a regular basis. A higher proportion of Chinese (3.6%) and Indians (2.7%) consumed alcohol regularly compared to Malays (0.6%).
Regular alcohol intake was most common in men in the 60-69 age group (7.3%) while in women; regular alcohol intake was most common in the 40-49 age group