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ONE Using a relevant current example of a country, explain the characteristics of a market system. 2.1. QUESTION TWO Read the article below and answer
ONE Using a relevant current example of a country, explain the characteristics of a market system. 2.1. QUESTION TWO Read the article below and answer the questions that follow: Kenya reinstates small fuel subsidy in government U-turn NAIROBI, Aug 15 (Reuters) - Kenya has reinstated a small subsidy to stabilise retail fuel prices for the next 30 days, the energy regulator said late on Monday, in a reversal of government policy following public anger over the high cost of living. On coming to office last September, President William Ruto removed fuel and maize flour subsidies put in place by his predecessor, saying he preferred subsidising production rather than consumption. The move was also aimed at cutting government spending as the government seeks to get a handle on debt repayments that have forced it to deny market speculation about a possible default. But the subsidy cuts as well as recent tax hikes have increased living costs and contributed to violent anti-government protests in recent months
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