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Cambridge IGCSE Economics practice

Paper 2 structured question: Firms

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2

Paper

1

Marks

Topic

Firms

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Paper 2Structured Questions1 marks

Small firms are often seen as the backbone of the economy, providing unique products and services.

Description

Role of Small Firms

Small firms contribute to economic diversity and innovation but face challenges such as limited resources and competition.

  1. a

    State one advantage of small firms in the market.

    Aim for approximately 1 distinct marking point.

    [1]

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Paper 2 structured question: Firms

Paper 2Structured Questions2 marks

Description

Challenges Faced by Small Firms

Small firms often struggle with limited access to capital and competition from larger firms.

  1. a

    Discuss the pros and cons of small firms in the market.

    Aim for approximately 2 distinct marking points.

    [2]