(a) i. Define distribution of goods.

ii. Illustrate the normal chain of distribution of goods.

b. Describe a consumers' cooperative society.

c. Outline any four roles performed by a consumers' cooperative society

(a) What is an industry?

(b) Explain the following:
i. division of labor
ii. economies of scale 

(c) Outline any four internal economies of scale.

a. Define a joint venture.

b. identify any three merits of a private company over a partnership.

c. State any three sources of finance to a public enterprise

a. Distinguish between the following pairs of concepts

i. elastic demand and inelastic demand

ii. Income elasticity of demand and cross elasticity of demand.

b. Using diagrams, explain how an increase in price will affect the total revenue of a producer if demand for his product is:
i. price elastic
ii. price inelastic 

a. What is public debt?

b. Outline any three reasons why counties borrow.

c. Highlight any three effects of a huge national debt on the economy of a country.