Free v Regulated mixed market system Q4

Q.

(a) Define economics and clarify why we should study economics in the Estate Agent’s Examination? 10 marks

(b) Explain the advantages and disadvantages of the following economic systems:-

ii) Free market system. 5 marks

iii) Regulated or mixed market system. 5 marks

(M2022-1 Q4, 20 marks)

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