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Outline features of perfectly competitive market structure

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Assignment

1. What is the correct ascending order of these human needs according to Maslow's Hierarchy of Needs: Esteem, Safety, Belongingness and Love, Self-Actualisation, Biological and Physiological?

2. What are the four metaphorical terms used to describe products/services in Boston Matrix model according to market share and market maturity?

3. Outline the features of perfectly competitive market structure

4. Define the term 'market equilibrium'

5. Outline the factors that may lead to the occurrence and persistence of a a market disequilibrium

6. Distinguish between the 'multiplier ' and the 'accelerator' as used in national income statistics

7. Explain four factors that could limit the application of the multiplier in developing countries

8. Explain five factors that determine the macroeconomies level of consumption in an economy

9. Discuss ten limitations of using national income statistics to compare the standards of living between different countries

10. Outline five problems associated with the expenditure approach of measuring the national income of a country

Reference no: EM132888425

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