(a)[4]
Explain what is meant by ‘a free market organises economic resources for the benefit of everyone’.
(b)[4]
Analyse why the article says that some markets are ‘imperfect’.
(c)[4]
Distinguish between equality and equity and use the information to give two examples of policy measures that might promote equality in the distribution of income.
(d)[8]
Some argue that large firms are beneficial. Consider whether the evidence in the information supports their opinion.