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PAPER-2-TOPIC-1-BASIC ECONOMIC PROBLEM-TOPIC WISE PAST PAPERS / 1.2 Factors of production Topic Questions
  • 1.2.1 Factors of production and their rewards-set-1-ms.pdf
  • 1.2.1 Factors of production and their rewards-set-1-qp.pdf
  • 1.2.1 Factors of production and their rewards-set-2-ms.pdf
  • 1.2.1 Factors of production and their rewards-set-2-qp.pdf
  • 1.2.1 Factors of production and their rewards-set-3-ms.pdf
  • 1.2.1 Factors of production and their rewards-set-3-qp.pdf
  • 1.2.1 Factors of production and their rewards-set-4-ms.pdf
  • 1.2.1 Factors of production and their rewards-set-4-qp.pdf
  • 1.2.1 Factors of production and their rewards-set-5-ms.pdf
  • 1.2.1 Factors of production and their rewards-set-5-qp.pdf
  • 1.2.2 Quantity and quality of factors of production-set-1-ms.pdf
  • 1.2.2 Quantity and quality of factors of production-set-1-qp.pdf
Note:

IGCSE Economics Topic Questions on 1.2 Factors of production Topic Questions/ Paper 2

  • 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 for example: Machinery
  • Enterprise: Enterprise refers to the risk bearing and the decision-making function. For example, An entrepreneur

Course content

1.1 The nature of the basic economic problem Topic Questions
1.2 Factors of production Topic Questions
1.3 Opportunity cost Topic Questions
1.4 Production possibility curve (PPC) diagrams Topic Questions
2.1 The role of markets in allocating resources Topic Questions
2.2 Demand Topic Questions
2.3 Supply Topic Questions
2.4 Price determination Topic Questions
2.5 Price changes Topic Questions
2.6 Price elasticity of demand (PED) Topic Questions
2.7 Price elasticity of supply (PES) Topic Questions
2.8 Market economic system Topic Questions
2.9 Market failure Topic Questions
2.10 Mixed economic system Topic Questions
3.1 Money and banking Topic Questions
3.2 Households Topic Questions
3.3 Workers Topic Questions
3.4 Firms Topic Questions
3.5 Firms and production Topic Questions
3.6 Firms’ costs, revenue and objectives Topic Questions
3.7 Types of markets Topic Questions
3.1 Money and banking Topic Questions
3.2 Households Topic Questions
3.3 Workers Topic Questions
3.4 Firms Topic Questions
3.5 Firms and production Topic Questions
3.6 Firms’ costs, revenue and objectives Topic Questions
3.7 Types of markets Topic Questions
4.1 Government macroeconomic intervention Topic Questions
4.2 Fiscal policy Topic Questions
4.3 Monetary policy Topic Questions
4.4 Supply-side policy Topic Questions
4.5 Economic growth Topic Questions
4.6 Employment and unemployment Topic Questions
4.7 Inflation Topic Questions
5.1 Living standards Topic Questions
5.2 Poverty Topic Questions
5.3 Population Topic Questions
5.4 Differences in economic development between countries Topic Questions
6.1 Specialisation and free trade Topic Questions
6.2 Globalisation and trade restrictions Topic Questions
6.3 Foreign exchange rate Topic Questions
6.4 Current account of the balance of payments Topic Questions
1 The basic economic problem PDF Notes
2 The allocation of resources PDF Notes
3 Microeconomic decision-makers PDF Notes
4 Government and the macroeconomy PDF Notes
5 Economic development PDF Notes
6 International trade and globalisation PDF Notes
Paper 2 Solutions for Board Exam Papers IGCSE Economics
Topic 3- Microeconomic decision-makers
Topic 1 - The basic economic problem
Topic 2-Factors of production
Topic 5- Microeconomics and macroeconomics
Topic 18-Workers
Topic 19 -Trade unions
Topic 20-Firms
IGCSE Economics Syllabus
IGCSE Economics Glossary and Key-terms
Topic-1-Basic-Economic-Problem Flip Book
Topic -2-The Allocation of Resources Notes Flip Book
Topic 3 Microeconomic decision-makers Flip Book
Topic 4 Govt and the Macroeconomy Flip Book
Topic 5 Economic Development Flip Book
Topic 6 International Trade and Globalisation Flip Book
Topic-1-Basic-Economic-Problem-Nature-of-Economic-Problem
Topic-2-Basic-Economic-Problem-Factors-of-Production
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