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ZIMSEC A-Level Economics

2.4Economic systems and the role of price

Economic systems and the role of price in ZIMSEC A-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic45 practice questions2 lessons

Learning objectives

What the syllabus expects you to be able to do.

  1. 2.4.1Compare resource allocation in market, planned and mixed economies and analyse the Zimbabwean system.
  2. 2.4.2Discuss the role of price in signalling, rationing and rewarding.

Lessons

  • Functions of the price mechanism and links between markets

    40 min

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  • 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.

Economic systems and the role of price: sample question

1 mark

Which statement describes a mixed economy?

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