CSEC Principles of Business · January 2010 · Paper 2 · Question 1(a)(i)
Define the term 'barter'.
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Practise this questionOther parts of this question
- 1(a)(ii)State TWO problems associated with barter.[4 marks]
- 1(a)(iii)Explain TWO ways in which the use of money can overcome the problems associated with barter.[4 marks]
- 1(b)(i)Compare the private sector with the public sector in terms of ownership and control.[2 marks]
- 1(b)(ii)Compare the private sector with the public sector in terms of objective or motive.[2 marks]
- 1(b)(iii)Compare the private sector with the public sector in terms of source of capital.[2 marks]
- 1(c)Outline TWO ways in which a free market economy differs from a planned or command economy.[4 marks]
More practice: the rest of this paper · more Development of Barter and Money questions · all CSEC Principles of Business past papers