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Cambridge IGCSE Economics practice

Paper 2 structured question: Firms and production

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Firms and production

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Paper 2Structured Questions2 marks

Examining the relationship between production and productivity can provide insights into economic efficiency.

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Factors Influencing Production and Productivity

Both production and productivity are influenced by various factors such as technology, labor skills, and resource availability.

  1. a

    Explain two factors that influence productivity.

    Aim for approximately 2 distinct marking points.

    [2]

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Paper 2 structured question: Firms and production

Paper 2Structured Questions1 marks

Description

Production and Productivity

Production refers to the total output of goods and services, while productivity measures the efficiency of that output. Factors influencing these concepts include resources, technology, and labor.

  1. a

    State the definition of production.

    Aim for approximately 1 distinct marking point.

    [1]