Economics · May / June 2018 · Paper 12 · Question 4

What is a major advantage of a market economic system over a mixed economic system?

1. AAll production of goods and services is determined by consumer demand.
2. BOwnership of resources is divided between private and public sectors.
3. CProducers include any external costs they create in the price of the good.
4. DThere will always be an even distribution of income and wealth.

As printed in the paper