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Highlight four steps followed in the scientific method

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Reference no: EM132875718

Respond to the questions

1. Enumerate five advantages and five disadvantages of a planned economic system.

2. Highlight four steps followed in the scientific method used in economics

3. Outline six advantages of a controlled market system

4. Ssummarize five ways through which the government could influence the allocation of resources in a free market economy

5. Differentiate between microeconomy theory and a macroeconomy theory

6. Explain the three basic economic problems

7. Outline six limitations of a free market economy

8. "a government might intervene in a free market economic system" discuss five reasons that might drive a government to intervene

9. Explain four disadvantages of a planned economy

10. Summarize four roles of economy agents in a mixed economy

Reference no: EM132875718

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