2.1.1 Name any TWO participants of the circular-flow model - NSC Economics - Question 2 - 2021 - Paper 1
Question 2
2.1.1 Name any TWO participants of the circular-flow model.
2.1.2 Why does public sector failure lead to social instability?
2.2 Study the table below and answer t... show full transcript
Worked Solution & Example Answer:2.1.1 Name any TWO participants of the circular-flow model - NSC Economics - Question 2 - 2021 - Paper 1
Step 1
2.1.1 Name any TWO participants of the circular-flow model.
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Answer
The two participants of the circular-flow model are:
Households
Government
Step 2
2.1.2 Why does public sector failure lead to social instability?
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Answer
Public sector failure can lead to social instability for the following reasons:
The lives of people are destabilized, and their human rights can be compromised, leading to dissatisfaction.
Communities may become disgruntled and start protesting for their demands when they feel their needs are not met.