In a market economy, who mainly guides production and distribution decisions?
Buyers and sellers, through demand, supply and prices.
Banks and lenders, through saving, borrowing and interest.
Government departments, through targets, quotas and plans.
Workers and managers, through wages, shifts and contracts.
Flashcards for OCR GCSE Economics Competition, covering the key terms, formulae and calculations you need to recall for Component 01 and Component 02. 22 cards, matched to the OCR GCSE Economics (J205) specification. Recall questions account for roughly 35% of marks at GCSE Economics, so these target the marks you can secure before the paper starts.
