Reply 1
1.
Economic Systems
Basic understanding of types of economies (market, mixed, and planned economies) and their advantages and disadvantages.
2.
Government Intervention
Knowing when and why governments intervene in markets, such as through taxation, subsidies, or regulation.
3.
Basic Business Economics
Some exams might touch on business objectives, costs, revenue, and profit, so a general understanding of these terms is useful.
Reply 2
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