(a) What are public corporations?

(b) State any four merits of public corporations.

(a) Distinguish between:
(i) a firm and an industry.
(ii)location and localization of industry.

(b) Describe any four factors which influence the location of industries in your country. 

(a) Explain any four reasons why small-scale farmers dominate agricultural production in your country

(b) Suggest any two measures that can be taken to encourage large scale farming in your country. 
 

(a) Distinguish between:
(i) a mortgage bank and a merchant bank.
(ii) a commercial bank and a development bank.

(b) Explain any four functions of commercial banks. 
 

(a) What is a tax?

(b) Describe any four principles of a good tax system.