Economics 9708 · AS & A Level · Factors of production

Factors of production — practice question

Which of the following statements about factors of production is correct?

  • AAll economic output requires the use of four factors of production.
  • BCapital may take the form of shares in a manufacturing company.
  • CEnterprise can only be found in owner-run organisations.
  • DLand includes both renewable and non-renewable resources.

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI