Other questions in this quiz

2. 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

3. What is mixed economy?

  • Distinctiveness of the product being offered
  • 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

4. Which is a method of adding value?

  • Spending more on manufacturing
  • Branding
  • Selling more units

5. What is the private sector?

  • Businesses owned by private individuals
  • PLC's
  • Businesses owned by small groups of local people


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