# Free Market & Centrally Planned Economies

> Every society must answer: what to produce, how to produce, and for whom? An economic system is the structure of institutions and rules that allocate scarce resources to produce and distribute goods…

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## Full notes

This is a preview of the Free Market & Centrally Planned Economies notes for Grade 11 Economics. Create a free Hlayiso account to read the full notes, practise every question and track your progress.

## More in Economic Systems

- [Mixed Economy & South Africa](https://www.hlayiso.com/grade-11/economics/notes/economic-systems/mixed-economy-and-south-africa) — Next section
- [All Economic Systems sections](https://www.hlayiso.com/grade-11/economics/notes/economic-systems)

## Frequently asked questions

### What will I learn in "Free Market & Centrally Planned Economies"?

This section covers Free Market & Centrally Planned Economies as part of Economic Systems in Grade 11 Economics. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.

### Is this section aligned with the CAPS curriculum?

Yes. All notes on Hlayiso, including "Free Market & Centrally Planned Economies", are written against the official CAPS curriculum and ATP for Grade 11 Economics.

### What should I study after "Free Market & Centrally Planned Economies"?

Continue with the next section in Economic Systems, or test your understanding with the interactive quiz linked to this section.

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