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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 Questions1 marks

A company is evaluating its production methods.

Description

Production Method Evaluation

The company currently uses a labour-intensive method but is considering switching to a capital-intensive approach due to rising labor costs.

  1. a

    State one reason why the company might switch to capital-intensive production.

    Aim for approximately 1 distinct marking point.

    [1]

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Paper 2 structured question: Firms and production

Paper 2Structured Questions2 marks

Description

Shoe Production Methods

The factory uses both labour-intensive and capital-intensive methods depending on the type of shoe being produced.

  1. a

    Explain the benefits of using both production methods in the factory.

    Aim for approximately 2 distinct marking points.

    [2]