Needs would be defined as goods or services that are required. This would include the needs for food, clothing, shelter and health care. Wants are goods or services that are not necessary but that we desire or wish for.
limooh answered the question on May 4, 2018 at 08:08
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Explain four methods for exchange control applied by the government.
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Explain four methods for exchange control applied by the government.
Date posted:
May 1, 2018
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Outline the objectives of exchange control
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Outline the objectives of exchange control
Date posted:
May 1, 2018
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Explain five factors leading to fluctuations of foreign exchange.
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Explain five factors leading to fluctuations of foreign exchange.
Date posted:
May 1, 2018
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Distinguish between nominal interest rate and real interest rate.
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Distinguish between nominal interest rate and real interest rate.
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May 1, 2018
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Explain the various measures to control inflation.
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Explain the various measures to control inflation.
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May 1, 2018
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Explain 7 effects of inflation.
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Explain 7 effects of inflation.
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May 1, 2018
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Describe the various causes of inflation.
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Describe the various causes of inflation.
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May 1, 2018
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Describe the classifications of inflation
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Describe the classifications of inflation
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May 1, 2018
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State six feature of inflation
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State six feature of inflation
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May 1, 2018
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Distinguish between risk control and risk financing
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Distinguish between risk control and risk financing
Date posted:
May 1, 2018
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Discuss four methods of handling risks
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Discuss four methods of handling risks
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May 1, 2018
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Outline the steps involved in the risk management process.
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Outline the steps involved in the risk management process.
Date posted:
May 1, 2018
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State the meaning and explain objectives of risk management
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State the meaning and explain objectives of risk management.
Date posted:
May 1, 2018
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Explain the six parts of an insurance contract
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Explain the six parts of an insurance contract
Date posted:
May 1, 2018
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Explain four requirements of a valid insurance contract.
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Explain four requirements of a valid insurance contract.
Date posted:
May 1, 2018
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Explain five requirements of an insurable risk.
(Solved)
Explain five requirements of an insurable risk.
Date posted:
May 1, 2018
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Explain four characteristics of insurance
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Explain four characteristics of insurance
Date posted:
May 1, 2018
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State four elements that are required for an insurance transaction.
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State four elements that are required for an insurance transaction.
Date posted:
May 1, 2018
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Define the term insurance according to commission on insurance terminology of the American Risk.
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Define the term insurance according to commission on insurance terminology of the American Risk.
Date posted:
May 1, 2018
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State six functions of money
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State six functions of money
Date posted:
May 1, 2018
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