Get premium membership and access revision papers with marking schemes, video lessons and live classes.
  OR
Processing. Please wait.

 Form 3 business studies revision questions and answers set 2

The economy of the country has grown at the rate of 10% per annum for the last three years. However , the standard of living among citizens has not changed. Outline four reasons that may account for this trend.

 (1m 30s)
513 Views     SHARE

Download as pdf file

Answer Text:
-Inaccurate statistics
-Product nature do not improve/satisfy their immediate wants
-Disparities in income distribution
-Higher social cost
-No real damage in money value


|