2.10. Mixed economic system
- Syllabus
- 0455–2027–2028
- Topic
- 2.10
- Level
- —
2.10.1—Definition of the mixed economic system
- Definition of the mixed economic system
2.10.2—Arguments for and against the mixed economic system
- advantages of the mixed economic system
- disadvantages of the mixed economic system
2.10.3—Government intervention to address market failure
- definitions, drawing and interpretation of diagrams, advantages and disadvantages of:
- maximum and minimum prices in product markets
- indirect taxation
- subsidies
- definitions, advantages and disadvantages of:
- regulation
- privatisation
- nationalisation
- direct provision of goods and services
- quotas, e.g. for the extraction of natural resources
Objective notes
3 learning objectivesConceptIGCSE Economics