Explain how the government could influence the allocation of resources in a country.

(a) Using a well leblled diagram, explain the concept of the regressive demand curve.
(b) Explain how the government could influence the allocation of resources in a country.
(c) Outline four advantages of a controlled market system

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Explain how the government could influence the allocation of resources in a country.

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Related Model Questions

How has Arthur Lewis explained the emergence of industrial society from an agrarian economy.Can this model be used to explain industrial development ? (10 marks) b)Describe the necessary pre-requisites to accelerate the process of Economic development in a developing country. (10 marks)

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