(a)[2]
Define what is meant by factors of production.
(b)[3]
Explain one stage in the transformational process.
Business 9609 · AS & A Level · Enterprise
Enterprise — practice question
Worked solution & mark scheme
This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Clear definition: Factors of production are the inputs/resources available and required to provide goods and services (land, labour, capital, entrepreneurship; knowledge is sometimes also treated as a factor).” …
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