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Pearson Edexcel International GCSE Economics (4EC1)
1.1 The market system
1.1.1 The economic problem
1.1.2 Economic assumptions
1.1.3 Demand, supply and market equilibrium
1.1.4 Elasticity
1.1.5 The mixed economy
1.1.5.a Mixed economy
1.1.5.b Public and private sector
1.1.5.c Public and private sector ownership, control and aims
1.1.5.d What, how and for whom to produce in a mixed economy
1.1.5.e Market failure and inefficient resource allocation
1.1.5.f Why governments intervene in markets
1.1.5.g Public goods and the free-rider problem
1.1.5.h Public and private sector roles in production
1.1.5.i Relative importance of public and private sectors
1.1.5.j Privatisation
1.1.5.k Effects of privatisation on stakeholders
1.1.6 Externalities
1.2 Business economics
2.1 Government and the economy
2.2 The global economy
3 Quantitative skills
IGCSE/Edexcel/Economics//Question Bank/1.1 The market system/1.1.5 The mixed economy/Edexcel IGCSE Economics 1.1.5 D What How and for Whom to Produce in a Mixed Economy Questions

Edexcel IGCSE Economics 1.1.5 D What How and for Whom to Produce in a Mixed Economy Questions

Practise explaining how a mixed economy answers what, how and for whom to produce through both markets and government decisions.

Syllabus
First assessment 2019
Course
Economics 4EC1

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