Economy of Singapore

Singapore's economy is like a big city playground where everyone gets to bring their toys and share them with their friends. The toys that everyone brings are different, like cars, bikes, and computers, and everyone trades and shares them using paper money.

Singapore is a small country that doesn't have many natural resources, like oil or gold. So, they have to rely on their people to make things that other people in the world want to buy. Singapore is very good at making electronics, pharmaceuticals, and chemical products.

To keep the playground running smoothly, the government helps create rules that everyone has to follow, like how much money you can borrow from the bank to buy toys or how much money companies need to pay their workers. This helps keep everyone playing fairly and makes the playground a happy place.

The government knows that having fun is great, but they also want to make sure everyone is healthy and happy. They provide things like healthcare and education to everyone, so everyone has the opportunity to play and learn.

Overall, Singapore's economy is like a big fun playground where everyone brings their toys to trade and share, and the government helps make sure everyone plays fairly and has fun.