Question
PLEASE HELP ME WITH THESE FOLLOWING QUESTIONS 1.Argue against the following statement: Economics is not a social science 2.Define the law of demand and identify
PLEASE HELP ME WITH THESE FOLLOWING QUESTIONS
1.Argue against the following statement:
Economics is not a social science
2.Define the law of demand and identify at least three determinants of individual demand.
3.Clearly distinguish between a substitute in consumption and a substitute in production using examples to illustrate your answer.
4.Identify the type of economic system that is used in your chosen economy and then explain the main characteristics of the economic system.
5.Briefly explain the advantages (two) and disadvantages (three) of the economic system identified.
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