CSEC Principles of Business · January 2016 · Paper 2 · Question 1(a)(i)
Define the term 'traditional economic system'.
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Practise this questionOther parts of this question
- 1(a)(ii)Define the term 'planned economic system'.[2 marks]
- 1(b)(i)State TWO advantages of a mixed economic system.[2 marks]
- 1(b)(ii)State TWO disadvantages of a mixed economic system.[2 marks]
- 1(c)Outline THREE ways in which a business could fulfill its role to government.[6 marks]
- 1(d)(i)Explain ONE way in which business owners contribute to the success of a business.[3 marks]
- 1(d)(ii)Explain ONE way in which employees contribute to the success of a business.[3 marks]
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