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Economics · Oct / Nov 2022 · Paper 12 · Question 2

2281Factors of production

An airline needs people and equipment. These can be divided into factors of production. What is allocated to its correct factor of production?

  1. Aaircraft — capital
  2. Bairline owners — labour
  3. Ccomputer network — land
  4. Dpilots — enterprise

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Correct answer: A. aircraft — capital

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