IGCSE Economics Market Failure / Economic Systems

Which is least likely to provide external benefits to society?

Which is NOT a disadvantage of the market economic system?

Which is NOT an example of a public good?

Which is NOT a characteristic of a merit good?

Which economic system uses a combination of public and private sectors?

What is a disadvantage of a free market system?

Which term describes the way in which an economy is organised and run?

Which is an example of wasteful competition in the market economic system?

Which is NOT an example of market failure?

Which economic system most enables individuals and firms to pursue their own best interests?