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The factors of production
Understand the definitions of the factors of production and the rewards associated with them, including examples of land, labour, capital, and enterprise, as well as the characteristics of each factor.
3
Objectives
30
Flashcards
21
Questions
90 min
Study time
CambridgeIGCSEEconomicsThe basic economic problem
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The factors of production outcomes3 objectives
- Understand the definitions of the factors of production and the rewards associated with them, including examples of land, labour, capital, and enterprise, as well as the characteristics of each factor.
- Examine the mobility of the factors of production and the various influences that affect their movement.
- Explore the quantity and quality of the factors of production, focusing on the reasons behind changes in both aspects.
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