Economics Past Questions and Answers

What form of business enterprise would you recommend for a tailor? Give reasons for your answer.

(a) What is mobility of labour?
(b) What factors serve as obstacles to occupational mobility of labour?

Highlight any five objectives of price control.

Why should a country measure her national income?

Explain each of the following:
(a) Indigenisation policy
(b) Localization of industry
(c) Economies of scale
(d) National budget.