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Cambridge IGCSE Economics practice

Paper 2 structured question: Firms

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

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2

Paper

1

Marks

Topic

Firms

Exam-style question

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Paper 2Structured Questions1 marks

Understanding the structure of the economy is essential for economic analysis.

Description

Firm Classification

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

  1. a

    State the three sectors of firms.

    Aim for approximately 1 distinct marking point.

    [1]

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Paper 2 structured question: Firms

Paper 2Structured Questions3 marks

Description

Firm Ownership

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

  1. a

    Explain the difference between private and public sector firms.

    Aim for approximately 3 distinct marking points.

    [3]