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QUESTION
(a) What are the characteristics of command and market economies?
(b) In a number of countries in recent years, there has been a movement towards a greater reliance on the market system. Assess to what extent this trend is beneficial for an economy.
(c) Using appropriate examples, differentiate between public and merit goods.
(d) Explain, with the help of relevant examples, the relationship between private, external and social cost.
Problem: (a) Critically asses the difference between economic growth and economic development. (b) Describe the definition of economic development as a multidimensional pro
B. Complete the following table
Question (a) The XYZ Election Commission maintains data showing the voting age population, the number of registered voters, and the turnout for federal elections. The following
QUESTION (a) Explain the 3 methods of calculating National Income? (b) Why do all countries in the world calculate their National Income every year, despite all the difficul
How did ikea''s strategy prior to north American entry and their strategy today?
What is social inclusion? Social Inclusion: Social inclusion implies the whole of society enjoys the advantages of economic activity (as income) and have complete access
assignment given to me about the methods of pricing of a product with five examples
why do companies privitise? what is the objectives of privitisation? what are the advantages and disadvantages of privitisation?
What is the development gap? The development gap refers to the divergence between standards of living in the developed and developing world. As like Source World Bank:
define scarcity and opportunity cost? what role these two concepts play in the making of decision making?
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