QUESTION 3 MARKETS     Introduction (2) Bo…

    QUESTION 3 MARKETS     Introduction (2) Body   Explain the difference between perfect markets and imperfect markets. (26) Also explain how price formation works in each market by using graphs. (10) Conclusion (2) [40]   OR       QUESTION 4 ECONOMIC GROWTH     Introduction (2) Body   Discuss the international redistribution methods as well as the redress redistribution methods used to redistribute income. (26) Discuss the methods of growing the economy. (10) Conclusion (2) [40]