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EnglandEconomicsQuick questions
1.1-1.3 The economic problem and resource allocation
Quick questions on Factors of production - OCR GCSE Economics (J205)
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Define the factor of production "capital" and give one example. [2 marks]
What is q2?Show answer
Explain one reason why the reward to enterprise is profit. [3 marks]
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