Economics (AS & A Level) · Feb / March 2025 · Paper 12 · Question 5

When is division of labour likely to be most effective?

1. Ain a large market with stable demand
2. Bin a market where consumers prefer a handmade product over a product made using machines
3. Cin a market where consumers require a variety of goods
4. Din a small market where consumers require a custom-made product

As printed in the paper