QUESTION 1 (25 MARKS) 1.1) The extent of government involvement in society is a debatable issue. Over the past 250 years, there have been several phases of government involvement in society. The most significant of these are, laissez-faire, welfare, and neo-classical. Required: Briefly explain the extent of government involvement in society in each of the above economic theories. (3×2=6 marks) 1.2) Two of the most […]
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