Different countries have different market structures

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1. Different countries have different market structures. Explain the different types of markets. What role does the government play in the different markets? Support your argument with practical example from any country in the world.

2. The increase (or decrease) in income has an impact on the economy. Explain what happens to consumption when income changes. Apply this on country or state behavior in their consumption habits.

Reference no: EM131427847

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