- 1 Identify And Describe The Basic Economic Roles Of Government In The Society 16 Marks 2 Define The Concept Of Mark 1 (26.8 KiB) Viewed 8 times
1. Identify and Describe the basic economic roles of government in the society. [16 marks] 2. Define the concept of Mark
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1. Identify and Describe the basic economic roles of government in the society. [16 marks] 2. Define the concept of Mark
1. Identify and Describe the basic economic roles of government in the society. [16 marks] 2. Define the concept of Market Failure. [3 marks] 3. Discuss the sources of market failures. [24 marks] 4. Discuss policies the government can use correct market failures. [24 marks] Aanalyze why it is important for governments to address market failures.