Economics 2281 · O Level · Market economic system

Market economic system — practice question

What is one advantage of the market system?

  • ACompetition ensures choice for consumers.
  • BPrices equal supply costs.
  • CUnemployment is kept to a minimum.
  • DWage differentials are small.

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI