Edexcel IGCSE Economics 1.1.5.i relative sector importance

AO2 and AO3

- In the public sector, the government provides goods and services in the economy

- It places dependence on the state for production of goods and services whereas the majority of goods and services in the private sector are provided by private firms

- The public sector in Cuba places a high degree of importance on the state controlling production, playing a key role in the provision of key public services such as; education, healthcare, social care and infrastructure

- Many jobs are guaranteed by the state as shown by the 75% directly employed by the state

- It is easier to provide much needed public goods

- It is more able to monitor and control externalities

Level

Mark

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0

No rewardable material.

Level 1

1-2

- Demonstrates basic knowledge and understanding by developing relevant points. Limited application of economic terms, concepts, theories and calculations (AO2).

- Information presented will lack selectivity and organisation. Interpretation of economic information will be limited, with a lack of analysis of issues (AO3).

Level 2

3-4

- Demonstrates partial knowledge and understanding by developing relevant points. Partial application of economic terms, concepts, theories and calculations (AO2).

- Information presented will demonstrate some selectivity and organisation. Interpretation of economic information will be good, with some analysis of issues (AO3).

Level 3

5-6

- Demonstrates clear knowledge and understanding by developing relevant points. Appropriate application of economic terms, concepts, theories and calculations (AO2).

- Information presented will demonstrate excellent selectivity and organisation. Interpretation of economic information will be excellent, with a thorough analysis of issues (AO3).

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number

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