Market economy
Answers are for parents and teachers.
1
Write four of the main features of a market economy and explain one with your own example.
For example: private property, free activity, free prices, competition, the profit motive; example: a shop owner lowers prices because of competition.
2
A farmer sold 3 000 kg of apples at 7 000 so‘m. What is the revenue in so‘m?
21000000
3
If the costs are 15 500 000 so‘m, what is the farmer’s profit in so‘m? (revenue 21 000 000 so‘m)
5500000
4
Why have many countries chosen a mixed economy rather than a pure market? Write your view.
The state protects competition and gives social support to people, reducing the market’s flaws.