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Cambridge IGCSE Economics practice

Paper 2 structured question: Firms

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Firms

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Paper 2Structured Questions2 marks

Small firms play a significant role in local economies but encounter various challenges.

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]

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Paper 2 structured question: Firms

Paper 2Structured Questions1 marks

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]