Economic Principles (BBAC202) Group Assignment (Group of Three) CAMBRIDGEINTERNATIONALCOLLEGE…

Economic Principles (BBAC202)

Group Assignment (Group of Three)


Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now

Economic Principles – BBAC202

October 2013

Economic Principles Assignment


The Assignment aims to develop your
knowledge and skills in the following areas:

and understanding

thinking and analysis

of Market Economies

articles, books, online materials, and journals

Due Date: Session 6.1
Copies only – No Electronic Submissions

are again reminded to use appropriate referencing, to acknowledge use of
other’s ideas and statements, to avoid plagiarism and any copyright breaches,
and to follow the instructions below.
are to work in Groups of Three

length of the assignment is to be approximately 2000 Words.

word count does not include references or bibliography. Reference using Harvard/APA

word count must be specified on the front head sheet of the assignment.

task is to read the following scenario and provide answers to the following
need to answer each question as well as each part of the question.

The Assignment is made up of questions
worth a total of 25% of your final marks.

Different countries have different
types of economies as outlined in Chapter 2 of your textbook.

For Example:

`Australia,France, The
USA and South Korea have market economies
North Korea,
Chin, Cuba and Laos have Command Economies
Norway, Iceland and Finland have Welfare Economies

Your assignment is
to research the Australian Economy and compare it to an Economy that is a
Command Economy AND a Welfare Economy. You may choose from countries in the
lists above, or chose countries of your own. Please state which countries you
are using.
PART 1 (7 marks)
For each country
complete the following table:


Country 1

Country 2



Labour force

% of
population working in agriculture

% of
population working in industry

% of
population working in service

% of
population living below the poverty line


Exports in $

Export partners
by %


Imports in $

partners by %

Part 2
(18 marks)
For part two you are
required to answer the following questions
1. What percentage of the population of each country
is in the labour force?

2. What are the similarities and differences between
the three countries in terms of the percentage of the population that works in
each type of industry?

3. Why might the list of Australian exports be so much
longer or shorter than that of the other countries? Provide Examples of exports
for each country, and their percentage contribution to the economy.

4. Why might some commodities appear on both a
country’s import and export list? Provide examples for each country to explain
your answer.

5. Exports and imports total in the billions of
dollars for each country. Explain what this tells you about our society.

6. Which economy do you think is the best? List the
positives and negatives of each country’s economy in your answer.

Looking for a similar assignment? Get help from our qualified experts!

Order Now