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Economics 7136/1 June 2022

Economics 7136/1 June 2022

The paper focuses on microeconomic analysis, exploring themes of labor market flexibility, trade union impacts, and supermarket competition. Section A addresses platform work, the gig economy, and regulatory challenges in sectors such as labor rights and price wars among retailers. Key topics include wage inequality, consumer benefits, and market interdependence. Section B examines broader economic principles, covering the role of the price mechanism, market failures, and government intervention. Topics include the necessity of high-speed Internet, inequality in income distribution, and the balance between government efficiency and market freedom. Analytical evaluation of policies and resource allocation is emphasized.

omer uner

Classification: Paper 1
Page count: 8
Viewed: 95
Last update: 8 months ago
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