2.1 Over the years, countries and communities have approached need satisfaction in different
ways. There are three main approaches that are still followed by communities for the solution of
their economic problems. Using examples, discuss the basic economic systems to provide for the
economic models of basics of economy. (15)
2.2 Discuss the nature and the purpose of Business Management as a Science. In your answer
highlight the factors, methods and the principles that enable the business to function effectively.
Where possible justify your response with theory.
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