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Define minimum WageKnow the Stakeholdersdraw the basic graphthen draw out the change - step by stepAnalyse the Graph and what has happened and how the stake holders have been affectedevaluate/ conclude th...
An injection is defined as money that originates outside the circular flow of income and so will increase national income. The three types of injections are exports, government spending and investments. A...
• define market failure i.e. when free market forces of supply and demand fail to produce the quantities of goods and services at prices which reflect marginal utilities OR fails to opera...
In order to achieve full marks in essay questions it is very important to structure your answers in an organised manner. I would recommend one introductory paragraph, one or more development paragraphs an...
Perfect competition is the most competitive market structure with many firms holding a small market share and no barriers to entry. There are no pure real-world examples ...
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