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2.10 Mixed economic system

Topic 2.10 - Mixed economic system

This section of the Cambridge IGCSE Economics (0455) syllabus covers the following (hyerlinked) topics:

SectionTopicsGuidance
2.10.1Definition of the mixed economic system-
2.10.2Arguments for and against the mixed economic system
  • Advantages of the mixed economic system
  • Disadvantages of the mixed economic system
2.10.3Government intervention to address market failure
  • Definitions, drawing, and interpretation of diagrams, advantages and disadvantages of:
    – maximum and minimum prices in product markets
    – indirect taxation
    – subsidies
  • Definitions, advantages, and disadvantages of:
    – regulation
    – privatisation
    – nationalisation
    – direct provision of goods and services
    – quotas, e.g., for the extraction of natural resources

Please click on the relevant hyperlink below to access other InThinking resources for this section of the syllabus.

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