(a) Distinguish between economic activities..

Question 1 Report

(a) Distinguish between economic activities and an economic system. [5 marks]

(b) Explain the following terms:
(i) production; [5 marks]
(ii) distribution; [5 marks]
(iii) consumption15 marks]

Answer

Business Organizations

(a) Distinguish between economic activities and an economic system. [5 marks] (b) Explain the following terms: (i) production; [5 marks] (ii) distribution; ...