Main article: History of Singapore 11.2.2 Galleries 6.9%. 5.1 Assassination The Singaporean economy is known as one of the freest, most innovative, most competitive, most dynamic and most business-friendly the 2015 Index of Economic Freedom ranks Singapore as the second freest economy in the world and the Ease of doing business index has also ranked Singapore as the easiest place to do business for the past decade. According to the Corruption Perceptions Index Singapore is consistently perceived as one of the least corrupt countries in the world along with New Zealand and the Scandinavian countries in 2016 Singapore is rated the world's most expensive city for the third consecutive year by the Economist Intelligence Unit, Singapore is a unitary parliamentary republic with a Westminster system of unicameral parliamentary government The People's Action Party has won every election since self-government began in 1959 As one of the five founding members of ASEAN Singapore is the host of the Asia-Pacific Economic Cooperation (APEC) Secretariat and Pacific Economic Cooperation Council (PECC) Secretariat as well as many international conferences and events It is also a member of the East Asia Summit Non-Aligned Movement and the Commonwealth of Nations. Masjid Gedhe Kauman in Yogyakarta build in traditional Javanese multi-tiered roof, Inception Preschool Monetary policy is referred to as being either expansionary or contractionary Expansionary policy occurs when a monetary authority uses its tools to stimulate the economy An expansionary policy maintains short-term interest rates at a lower than usual rate or increases the total supply of money in the economy more rapidly than usual It is traditionally used to try to combat unemployment in a recession by lowering interest rates in the hope that less expensive credit will entice businesses into expanding This increases aggregate demand (the overall demand for all goods and services in an economy) which boosts short-term growth as measured by gross domestic product (GDP) growth Expansionary monetary policy usually diminishes the value of the currency relative to other currencies (the exchange rate), 8.2 Foreign 5 Straits Settlements Singapore citizens and Permanent Residents warded in public hospitals receive government subsidies for their medical fees which scale according to their chosen class of ward as well as their income Since 1 January 2009 patients warded in B2 and C class wards in public hospitals undergo means testing to determine the level of subsidy they are entitled to based on the average monthly income received over the last available 12-month period including bonuses for salaried employees However patients receiving services such as Day Surgery A&E services Specialist Outpatient and polyclinic visits receive standardised subsidies regardless of income without requiring means testing. . Singapore business directory A durian stall in Singapore Singapore business directory As of 2017 Singapore GDP sits at $323.907 Billion In late 1941: 460,000 active in 41 divisions. .
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