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Economics unit 1.6 presentation

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Presentation on Economics unit 1.6 Free market, mixed and command economies

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Study Level: A/AS Level
Publisher: PEARSON (PEARSON)
Subject: Economics A
Course: Unit 1 - Introduction to markets and market failure

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Uploaded on: December 15, 2022
Number of pages: 14
Written in: 2022/2023
Type: Presentation
Person: Unknown

Subjects

economics
free market
mixed economy
command economy
free market economy

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1.6 FREE MARKET ECONOMIES,
THEME 1:
INTRODUCTI
MIXED ECONOMY AND COMMAND
O N TO ECONOMY
MARKETS
AND
MARKET
FA I L U R E Who supplies your education?

Is your school in the state or private sector?

Do both styles of school exist where you live? Why?

Economics
NATURE OF ECONOMICS

, 1.6 FREE MARKET ECONOMIES, MIXED ECONOMY
AND COMMAND ECONOMY

a) The distinction between free market, mixed and
command economies: reference to Adam Smith,
Friedrich Hayek and Karl Marx

b) The advantages and disadvantages of a free market
economy and a command economy

c) The role of the state in a mixed economy

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Economics unit 1.6 presentation

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