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4. Provide your understanding on TWO (2) economic scenarios below. a. Tragedy of the commons in budgeting b. Universal Basic Income as new fiscal instrument

4. Provide your understanding on TWO (2) economic scenarios below.

a. Tragedy of the commons in budgeting

b. Universal Basic Income as new fiscal instrument in promoting equality.

c. Allocative role of government in annual budget

d. Business model under sharing economy overcoming centralisation of assets under capitalism.

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