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Cambridge AS & A Level Economics

1.4Resource allocation in different economic systems

Resource allocation in different economic systems in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic20 practice questions1 lesson

Learning objectives

What the syllabus expects you to be able to do.

  1. 1.4.1Explain decision-making in market, planned and mixed economies.
  2. 1.4.2Explain how resources are allocated in these systems.

Lessons

  • Market, planned and mixed economic systems

    40 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Resource allocation in different economic systems: sample question

1 mark

Which statement describes a mixed economy?

Choose one answer

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