May/ June 2002
1.(a) List TWO types of economic systems. (2mks)
(b) Explain the differences between the types of economic systems listed in (a) above. (4mks)
(c) Suggest two ways by which the government of your country can control business activity. (4mks)
Total 10 marks

2. May/ june 2003- Question 2
a) List TWO functions of a business. (2 marks)
(b) Briefly describe TWO of the following types of business organisations:
(i) Partnership
(ii) Public Limited Company
(iii) Co-operative (4 marks)
(c) State TWO advantages which the Public Limited Company has over the Partnership type of business. (4 marks)

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