Question: a) Compare and contrast the capitalist market system and the command system. [6 Marks] b) Discuss how prices of substitutes and complements, income, cost

a) Compare and contrast the capitalist market system and the command system.

a) Compare and contrast the capitalist market system and the command system. [6 Marks] b) Discuss how prices of substitutes and complements, income, cost of doing business can affect supply of flour in Kisumu town. Use illustrations where necessary. [9 marks]

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a Comparison between Capitalist Market System and Command System Capitalist Market System In a capitalist market system economic decisions are primarily driven by market forces of supply and demand Pr... View full answer

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