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ECONOMICS-2015: Daily Answer Writing Challenge – 19

ECONOMICS-2015: Daily Answer Writing Challenge – 19

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  1. Show different stages of product life cycle. How do the shortcomings of diffusion lag of new technologies in recent years cause a time compression of the cycle? (2012 – 20 marks)
  2. Examine Kalecki’s model of distribution. Do you consider it a correct explanation of distribution ? (2012 – 20 marks)