iGCSE Economics - 1.2.1 Production
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14 questions
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- Q1the resources that are used to make goods and services, which include land, labour, capital, and enterprisefactors of production30s
- Q2process that involves converting resources into goods or servicesproduction30s
- Q3value of the workforce or an individual workerhuman capital30s
- Q4people used on productionlabour30s
- Q5resources used up in production such as raw materials and componentsworking capital30s
- Q6stock of 'man-made' resources, such as machines and tools, used to help make goods and servicesfixed capital30s
- Q7individuals who organise the other factors of production and risk their own money in a business ventureentrepreneurs30s
- Q8production that relies more heavily on machinery relative to labourcapital intensive30s
- Q9production that relies more heavily on labour relative to machinerylabour intensive30s
- Q10production involving the extraction of raw materials from the earthprimary sector30s
- Q11factories where parts are put together to make a final productassembly plants30s
- Q12production involving the processing of raw materials into finished and semi-finished goodssecondary sector30s
- Q13production of services in the economytertiary sector30s
- Q14decline in manufacturingde-industrialisation30s