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Economics 2001 Waec Past Questions and Answers

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Economics 2001 Waec Past Questions


Question 56 :



(a) Define labour as a factor of production.
(b) Explain five characteristics of labour.




Question 57 :



What factors determine the size of a firm?



Question 58 :



(a) What is economic integration?
(b) Outline the characteristics of a customs union.




Question 59 :



Distinguish between a perfect market and a monopolistic market.








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