IGCSE/GCSE/O & A Level/IB/University Student Forum

Qualification => Subject Doubts => GCE AS & A2 Level => Commerce => Topic started by: xxemoxx on May 30, 2010, 05:16:31 pm

Title: cie economics paper 2 may june 2003 help
Post by: xxemoxx on May 30, 2010, 05:16:31 pm

theres a question in M/j 2003
explain the functions of price in a market economy ? (10 )

Apart from giving a brieft intro of market economy and the function of price as an allocative mechanism.., what else to be included for 10 marks?

thanks/.

Title: Re: cie economics paper 2 may june 2003 help
Post by: ez2009 on May 31, 2010, 01:25:14 pm

That question requires you to describe the price mechanism and the four basic economic questions, Hope this solves your question :)