CAIE IGCSE Economics 2.8.1 Definition of the Market Economic System Questions
Practise Cambridge IGCSE Economics by explaining the features of market economies and how market forces guide decisions.
- Syllabus
- 2027–2029
- Course
- Economics 0455
Exam points
- Define the main features of a market economic system.
- Explain how market forces and government intervention determine economic decisions.
- Identify institutions, ownership and resource-allocation features of a market economy.
CAIE IGCSE Economics 2.8.1 Definition of the Market Economic System Questions question 1
[Maximum number: 1]
How are economic decisions determined in a market economic system?
A
by a mixture of market forces and government intervention
B
by central planners of production and consumption
C
by government regulation of the price mechanism
D
by the forces of demand and supply
D
All question bank results loaded