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  • BAE

Identify and define the basic terminology used to describe economic processes

Demonstrate knowledge of the basic structure of the market system ï‚· Apply theory to explain how the market system operates in an economy ï‚· Identify and define the basic terminology used to describe economic processes ï‚· Examine the influence of economic concepts and variables within basic business operations ï‚· Analyse the role of government and economic forces in determining change in the economic system

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