Distinguish between:
(a) Economic resources and non-economic resources.
(b) Want and Demand.
(c) Money Cost and Real Cost. 
 

Explain the advantages and disadvantages of monopoly. 
 

 Why is the small scale trader important in West African countries? 

How can West African countries promote indigenous industries? 

(a) What is a customs union?
(b) State three advantages and two disadvantages of a customs union.