Economics 0455 · IGCSE · The factors of production

The factors of production — practice question

The four examples below show how factors of production may be used. Which one is most likely to make the greatest use of the factor enterprise?

  • Aa carpenter making wooden articles in his leisure time for sale at a monthly market
  • Ba corn farmer negotiating with other farmers to hire expensive machinery
  • Ca food shop owner sometimes selling flowers in the shop
  • Da householder harvesting vegetables grown at home

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