Economics 9708 · AS & A Level · Factors of production

Factors of production — practice question

In what circumstances is division of labour likely to work most effectively?

  • Ain a large market with stable demand
  • Bin a market where consumers prefer a handmade product over a product made using machines
  • Cin a market where consumers require a variety of goods
  • Din a small market where consumers require a custom-made product

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