This economics exam paper assesses key concepts of market systems, production, and resource allocation. Section A comprises multiple-choice questions on topics like supply and demand, sectoral output, economies of scale, and price elasticity. Section B focuses on case studies such as a holiday business, a football club, and a farm shop, requiring analysis of market forces, opportunity cost, and specialization. Extended responses evaluate the impact of competition, cost management, and supply dynamics. Total marks: 80, emphasizing practical application and economic analysis.