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Pearson Edexcel IAL Economics 1.3.1.6a distinction between free market,

Practise classifying economic systems by how resources are allocated, using price mechanism and government intervention evidence.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
AS

Exam points

  • interpret charts or tables showing private and government spending to identify mixed economies
  • distinguish free market, command and mixed systems by allocation through prices and the state

1.3.1.6a - distinction between free market, mixed and command mixed and economies. command question 1

[Maximum number: 1]

Which describes an economy where resources are allocated by both government and the price mechanism?

A

Free market

B

Command

C

Mixed

D

Irrational

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