Economics tuition is very popular in Singapore as students need the tuition classes to gain knowledge and excel in their A-level Economics Examination. Therefore, it is a huge market and it’s affected by many external factors. What are these factors? One of which is the overall increase in income levels in Singapore.
In this article, we will discuss the effects of increased income in Singapore on Economics tuition.
The Rising Income
First of all, let us talk about the rise in income. The relationship between income and economics tuition is complicated, but essential to understand. When there is a rise in income, the demand for economics tuition will increase. When this happens, the price of economics tuition classes will increase. Nonetheless, economics tuition classes at JC Economics Education Centre remains affordable and students can request for financial assistance as well.