The assessment for this course comprise TWO (2) essay of up to 2500 - 3000 words in length. Choose TWO (2) from the foll

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answerhappygod
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The assessment for this course comprise TWO (2) essay of up to 2500 - 3000 words in length. Choose TWO (2) from the foll

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The assessment for this course comprise TWO (2) essay of up to2500 - 3000 words in length. Choose TWO (2) from the following 3questions.
1. Currently, most of the world adopted mixed economy as a meanof resource allocation. Before that, different economy system wasproposed in the 16th- 19thcentury such as pure capitalism andcommunism. Explain why the latter two economy system fail to becomedominant in today economy?
2. Theoretically, price is determine by the force of marketdemand and supply. However, does it really applicable in todayeconomy, given that information is imperfect in the market
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