(a) What is privatization? [4 marks] 
(b) Give four reasons for government participation in economic activities in your country [16 marks]

(a) Distinguish between location of industries and localization of industries [5 marks] 
(b) Describe any three advantages and any two disadvantages of locating industries in rural areas [15 marks] 

(a) Explain the function of money as a (i) measure of value [5 marks] (ii) store of value. [5 marks] 
(b)Show how inflation affects these two functions of money [10 marks] 

(a) What is a commercial bank? [4 marks] 
(b) Describe any four ways by which the Central Bank controls the amount of credit given by the commercial bank [16 marks] 

(a) What is incidence of taxes? [4 marks] 
(b) Explain any four principles of taxation [16 marks]