CSEC Principles of Business · January 2015 · Paper 2 · Question 1(b)(i)
Distinguish between a traditional economy and a planned economy.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 1(a)(i)Define the term 'bill of exchange'.[2 marks]
- 1(a)(ii)Define the term 'electronic transfer'.[2 marks]
- 1(a)(iii)Define the term 'e-commerce'.[2 marks]
- 1(b)(ii)Distinguish between the public sector and the private sector.[4 marks]
- 1(c)Explain two ways in which businesses can contribute to the development of the communities where they are located.[6 marks]
More practice: the rest of this paper · more Forms of Business Organisations questions · all CSEC Principles of Business past papers