Cambridge Cambridge IGCSE Economics 0455 · 2.8

Market economic system

Code: 2.8
In: 2 The allocation of resources
Course: Cambridge IGCSE Economics 0455
Board: Cambridge

Grade boundaries·Cambridge command words

Codes and titles are read by a script from Cambridge's published specification and have not been checked by a person. What each point covers is in the specification itself: Cambridge’s specification.

Points under 2.8

2.8.1 Definition of the market economic system
2.8.2 Arguments for and against the market economic system

Points in 2 The allocation of resources

2.1 The role of markets in allocating resources
2.2 Demand
2.3 Supply
2.4 Price determination
2.5 Price changes
2.6 Price elasticity of demand (PED)
2.7 Price elasticity of supply (PES)
2.8 Market economic system
2.9 Market failure
2.10 Mixed economic system