-Indicates standard of living.
-Able to compare standards of living in different countries.
-Assessing the performance of the economy.
-Assisting the government to plan the economy.
-Help in investment decisions.
-Redistribution of resources.

b)

-Facilitates access to a large / wide market; since internet is worldwide (www).
-Avoids discrimination in the market; since large and small firms can transact
business uniformly.
-A faster way of doing business; since transactions are done electronically online.
-Reduces paper work; since transactions are done online.
-It is cheap; since it saves on the cost of sending, receiving and storing
information.
-Provides useful information which enhance efficient and effective way of running
the business.

a)

b)

a.)

-Administration post.
-Communication centre.
-Documents handling and processing.
-Data processing unit.
-Record management centre.

a. Increasing output / increasing imports / decreasing exports.

-Control money wages.

-Introduce prices control and rationing.

-Encourage large scale production.

-Import goods to meet excess demand.

-Restrict government spending.

-Stimulate savings.

-Credit control.

b.

-High demand /large market.

-Proper utilization of resources.

-Competition leads to quality goods.

-Adequate labor force.

-Stimulate technological development.

-Security due to numerical strength.

a.

-Increasing sales /increased volume of sales

-Creation of customer loyalty as they anticipate to be millionaires.

-Promotion of company image.

-Creation of product awareness.

-Relatively cheap method of promotion.

b.

-Low volumes of output.

-Low quality of products.

-Unemployment.

-Lack of specialization and division of labour.

-Hindrance to innovation and invention.

-Encourages individualism and self centred lifestyle.

-Limited exploitation of talents and skills.

a.

-Congestion caused by both human and traffic.

-Insecurity.

-Unfair competition.

-Increased illegal activities.

-Scare potential investors.

-Pollution of urban centres.

-Political agitation / mass demonstration.

-Strain on social amenities.

-Strain on social amenities.

b)