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Exam-style practice

Market economic system answer explanations

Review worked answers and explanations for Market economic system. Aligned to Cambridge IGCSE Economics.

Answer explanations

Question 1 of 4

Review the answer support, then move sideways through the set.

Paper 2 structured question: Market economic system

Paper 2Structured Questions1 marks

Description

Market Economic System

A market economic system is characterized by the decisions of individuals and businesses regarding the production and consumption of goods and services, driven by supply and demand.

  1. a

    State What is a market economic system?

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