True or false Labour and Capital are two factors of production

True of False a Market economy is controlled by the of supply and demand

True or false A country's economy is measure the VAT collected

True or false Indirect Tax refers to tax levied on income or profits

True or False The black market is economic activity that takes place inside Government approved channels

True of False an Entrepreneur is a person who takes financial risks when starting up a business

Leakage relates to any factor that decreases the circular flow of income and spending

What is the definition of Economic growth

Provide an example of a need

What is the main function of the legislative authority

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