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Distinguish between fixed-ceiling budgeting and open-ended budgeting.

Distinguish between fixed-ceiling budgeting and open-ended budgeting. Discuss the impetus for budget cutback, the tactics used in dealing with budget shortage, as well as the roles and effects of budget cutback. What factors should be considered by a government in reducing the size of government through privatization?

Explain the role of government in solving problems that arise from different economic systems.

Economic System 1. What is an economic system? What are the basic problems of an economic system? 2. What are the features of a mixed economic system? 3. Explain the role of government in solving problems that arise from different economic systems. 4. Define privatization and trace the history of privatization. 5. Explain the different […]

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