DIPLOMA IN SOCIAL WORK AND COMMUNITY DEVELOPMENT
MODULE l(KNEC)
DEVELOPMENT ECONOMICS AND ENTREPRENEURSHIP EDUCATION (JUNE/JULY 2012)
SECTION A: DEVELOPMENT ECONOMICS
a) Explain the meaning of the following terms as applied in inflation:
Anticipated inflation
Demand- pull inflation
Cost-push inflation
b) State and explain seven methods that can be applied to control unemployment
a) Explain the meaning of the following terms as used in population:
i. Demography
ii. Demographic transition theory
iii. Ageing population
iv. Declining population
i. Explain the meaning of economic development
ii. State and explain five key indicators of developing countries
Explain the meaning of monetary policy
State and explain four functions of monetary policy
Explain the meaning of taxes
Differentiate between each of the following:
Direct and indirect taxes
Progressive and regressive taxes
i. Explain the meaning of poverty in the absolute sense
ii. Describe four causes of economic inequality
b) Describe the following terms as applied in international trade:
i. Quota
ii. Exchange control system
iii. Imports deposits scheme
iv. Trade agreements
V. Subsidies
SECTION B: ENTREPRENEURSHIP EDUCATION
a) Explain the meaning of the following terms as applied in entrepreneurship:
i. Manufacturing
ii. Retailing
iii. Service
iv. Whole selling (8 marks)
b) State and explain six factors that should be considered when selecting a resource for running a business enterprise (12 marks)
State and explain five ways of acquiring business skills (10 marks)
b) State and explain five factors to consider when evaluating a business environment (10 marks)
a) Explain how each of the following factors determine the most suitable source of raising capital for running a business:
i. Cost
ii. Risk
iii. Flexibility
iv. Control
v. Availability (10 marks)
b) State and explain five types of entrepreneurs (10 marks)
Explain five cultural habits that promote entrepreneurial development
State and describe five social concerns of a business enterprise
