| 0455 IGCSE ECONOMICS
PAPER-2-TOPIC-1-BASIC ECONOMIC PROBLEM-TOPIC WISE PAST PAPERS / PAPER-2-FACTORS OF PRODUCTION
  • 1.2.1-Factors of production-ms.pdf
  • 1.2.1-Factors of production-qp.pdf
  • 1.2.2-Factors of production-ms.pdf
  • 1.2.2-Factors of production-qp.pdf
  • 1.2.3-Factors of production-ms.pdf
  • 1.2.3-Factors of production-qp.pdf
  • 1.2.4-Factors of production-ms.pdf
  • 1.2.4-Factors of production-qp.pdf
Note:

Factors of production

  • The four factors of production are : land, labour, capital and enterprise
  • Land: Land refers to all the natural resources
  • Labour: Labour refers to all the physical and the mental efforts of workers. For example , a teacher
  • Capital: Capital refers to all the man-made goods used in the production. or example: Machinery
  • Enterprise: Enterprise refers to the risk bearing and the decision making function. For example, an entrepreneur

Course content