A-level Paper 1, June 2023Markets and Business Behaviour
A-level Paper 1, June 2023, Q1(a)
With reference to the information provided, explain one advantage of a free market economy.
Short answerExplain4 marks
Context
In a major reform of its command economy, the Cuban government will allow small private businesses to operate in most fields. Free market economists have long called for the role of small business to be expanded to help jump-start the economy and to create jobs.
Learn this question
Open a video explanation without leaving the question.