Describe the economic nature of your given country. You should include details of the following economic terms and make links / apply to the country you are researching
a) The type of economy (mixed free or command) Contrast this to a different economy
b) The distinction between needs and wants
c) Factors of production
d) Renewable and non-renewable resources
e) Opportunity cost – example(s) of choice made by an economic agent, using a PPF diagram