Quelpr
6 marksForms of Business Organisations

CSEC Principles of Business · January 2011 · Paper 2 · Question 1(c)

Outline THREE ways in which a free market economy differs from a planned or command economy.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 1(a)(i)State FOUR characteristics of a partnership.[4 marks]
  2. 1(a)(ii)State FOUR characteristics of a private limited company.[4 marks]
  3. 1(b)Discuss TWO advantages a business would enjoy by converting from a partnership to a private limited company.[6 marks]

More practice: the rest of this paper · more Forms of Business Organisations questions · all CSEC Principles of Business past papers