Business Studies revision GCSE
- Created by: Saph00x
- Created on: 02-04-16 12:54
Other questions in this quiz
2. What is mixed economy?
- mixture of either markets and economic planning, public and private businesses or free economy
- When the economy is sometimes high, but becomes low at points
- Distinctiveness of the product being offered
3. What is the basic economic problem?
- Not enough workers to produce goods
- When there are not enough unlimited supplies for the factors of production
- When the economy is in decline
4. Which is NOT a demographic
- Household
- Income
- Religion, race, nationality
- Occupation
- Behaviour
- Gender
5. What is the Free economy?
- When the government does not interfere with any business activity
- When prices are reduced on products to be fairer for cusomers
- When economy is at its peak
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