Economics Past Questions and Answers

Explain each of the following: (a) Nationalization, (b) Commercialization, (c) Privatization and (d) Joint ventures.

(a) Outline any three disadvantages of monopoly<br/>(b) In what two ways can monopoly be controlled?

Explain:<br/>(a) (i) supply of money (ii) Value of money <br/>(b) highlight the three motives for holding money.

(a) What is economic integration? <br/>(b) Highlight any three problems of economic integration in west Africa.

The main concern of economists is to