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(a) Differentiate between a command economic system and a laissez-faire.
(b) Assess to what extent it is advantageous for an economy when it moves from a controlled to a free-enterprise system.
(c) Describe the relationship between scarcity choice and opportunity cost.
(d) One major objective of various firms is to grow big in size. Explain why this is so.
Various studies have concluded that the demand for movie cinema attendance is responsive to advertising. A study of one company, with movie cinemas in three neighbouring towns, sh
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what will cause a firms demand curve to shift: a a change in sellers profit associated with the good or service b change in technology for good cchange in non price variable in dem
You have just been hired by your city’s department of health. Your first task is to use cost-benefit analysis to evaluate a smocking awareness program that the department has been
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Name the five types of capital. The five types of capital are: natural capital, manufactured capital, human capital, social capital and financial capital.
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