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Cambridge IGCSE Economics practice

Paper 2 structured question: Mixed economic system

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2

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4

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Mixed economic system

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Paper 2Structured Questions4 marks

Analyzing the implications of different economic systems helps in understanding their impact on society.

Description

Characteristics of Mixed Economies

Mixed economies combine elements of capitalism and socialism, allowing for both market-driven and government-directed economic activities.

  1. a

    Explain the advantages of a mixed economic system.

    Aim for approximately 4 distinct marking points.

    [4]

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Paper 2 structured question: Mixed economic system

Paper 2Structured Questions1 marks

Description

Mixed Economic System

A mixed economic system incorporates both private and public sectors, aiming to balance efficiency with social welfare.

  1. a

    State the two main components of a mixed economic system.

    Aim for approximately 1 distinct marking point.

    [1]