Cambridge IGCSE Economics practice

Paper 2 structured question: Firms

Try the question first, then check the answer and practise the same topic again.

At a glance

Paper

Marks

Topic

Firms

Exam-style question

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Paper 2Structured Questions3 marks

Classifying firms helps in understanding their roles in the economy.

Description

Firms can be classified as either private or public sector entities.

a
Explain the difference between private and public sector firms.
Your answer
Aim for approximately 3 distinct marking points.
[3]

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Paper 2Structured Questions1 marks

Description

Firms can be categorized into three sectors: primary, secondary, and tertiary. They can also be classified as private or public sector.

a
State the three sectors of firms.
Your answer
Aim for approximately 1 distinct marking point.
[1]