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1.Provide definitions to the following economic terms: a. Capital (1 MARK) b. Entrepreneurship (1 MARK) c. Opportunity cost (1 MARK) d. Marginal cost (1 MARK)

1.Provide definitions to the following economic terms:

a. Capital (1 MARK)

b. Entrepreneurship (1 MARK)

c. Opportunity cost (1 MARK)

d. Marginal cost (1 MARK)

e. Marginal benefit (1 MARK)

f. Production possibilities frontier (1 MARK)

g. Allocation efficiency (1 MARK)

h. Technological change (1 MARK)

i. Capital accumulation (1 MARK)

j. Economic growth (1 MARK)

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