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6 marksForms of Business Organisations

CSEC Principles of Business · 2021 · Paper 2 · Question 1(d)

Explain THREE ways in which businesses in a free market economy operate when compared to businesses in a planned economy.

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Other parts of this question

  1. 1(a)List FOUR instruments of exchange.[4 marks]
  2. 1(b)Outline TWO ways in which money facilitates trade in the modern economy.[4 marks]
  3. 1(c)(i)Sole proprietorships (sole traders)[2 marks]
  4. 1(c)(ii)Public limited companies[2 marks]
  5. 1(c)(iii)Cooperatives[2 marks]

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