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Waec Economics 2001 Past Questions and Answers

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Waec 2001 Economics 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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