Economics 9708 · AS & A Level · Factors of production

Factors of production — practice question

(a)[8]

Explain how enterprise and division of labour contribute to an economy.

(b)[12]

Discuss how desirable the global shift towards the market economy and away from the planned economy is.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Meaning and characteristics of enterprise and D of L” …

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