Factors of production
1.2What the syllabus asks of you
- Factors of production and their rewards: definitions of factors of production: land, labour, capital and enterprise
- Factors of production and their rewards: rewards to factors of production: rent, wages, interest and profit
- Quantity and quality of factors of production: causes of changes in the quantity and quality of factors of production
Read the notes first
Chapter 1: Factors of production
Drill this topic
Every question on Factors of production, untimed, marked as you go.
Make a worksheet
Choose the years and how many questions, then print it with the answers on separate pages.
30 questions
1May / June 2026 · Paper 12 · Q2Show mark scheme →
Ainterest
Bprofits
Crent
Dwages
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2May / June 2025 · Paper 11 · Q2Show mark scheme →
Acapital and labour
Bcapital and land
Centerprise and capital
Dlabour and land
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3May / June 2025 · Paper 12 · Q1Show mark scheme →
Ainfinite quantity of capital
Bscarcity of labour
Csurplus of land
Dunlimited supply of enterprise
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4Oct / Nov 2024 · Paper 13 · Q2Show mark scheme →
Acapital and labour
Bcapital and land
Clabour and enterprise
Dland and enterprise
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5Oct / Nov 2023 · Paper 12 · Q3Show mark scheme →
Athe ability to organise the factors of production
Bthe energy used in production
Cthe factory used in production
Dthe money invested in a firm
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6May / June 2023 · Paper 11 · Q3Show mark scheme →
Aa decrease in government spending on education
Ba decrease in regulation on firms
Can increase in emigration
Dan increase in taxation on firms
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7Oct / Nov 2022 · Paper 12 · Q2Show mark scheme →
Aaircraft — capital
Bairline owners — labour
Ccomputer network — land
Dpilots — enterprise
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8Oct / Nov 2022 · Paper 13 · Q2Show mark scheme →
Aaircraft — capital
Bairline owners — labour
Ccomputer network — land
Dpilots — enterprise
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9May / June 2022 · Paper 11 · Q19Show mark scheme →
Aimprovement in health facilities
Binvestment in education and training
Cprovision of better food and nutrition
Dreclamation of land from the sea
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10Oct / Nov 2021 · Paper 12 · Q3Show mark scheme →
Ademand and supply, government subsidy
Bexcess demand, resource allocation
Copportunity cost, private monopoly
Dpublic sector, factors of production
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11Oct / Nov 2021 · Paper 13 · Q3Show mark scheme →
Ademand and supply, government subsidy
Bexcess demand, resource allocation
Copportunity cost, private monopoly
Dpublic sector, factors of production
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12May / June 2021 · Paper 11 · Q1Show mark scheme →
ACapital is a financial resource and includes savings in banks.
BEnterprise is limited in supply and includes office workers.
CLabour is a human resource and includes pensioners and children.
DLand is a natural resource and includes trees and fish.
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13Oct / Nov 2020 · Paper 12 · Q2Show mark scheme →
Acapital — interest
Benterprise — profit
Clabour — dividends
Dland — rent
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14Oct / Nov 2020 · Paper 13 · Q2Show mark scheme →
Ainventor
Brisk taker
Cshareholder
Dworker
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15May / June 2020 · Paper 11 · Q2Show mark scheme →
Ato make goods and services to fulfil wants and needs
Bto provide an even distribution of income
Cto provide tax income for the government
Dto reduce the existence of external costs
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16May / June 2020 · Paper 12 · Q1Show mark scheme →
Acapital
Benterprise
Clabour
Dland
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17Oct / Nov 2019 · Paper 12 · Q1Show mark scheme →
ACapital is the amount of money borrowed from a bank.
BLabour is output made by an employee.
CLand includes commercially grown rice crops.
DProfit is the reward for enterprise.
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18Oct / Nov 2019 · Paper 13 · Q2Show mark scheme →
AIt improves the quality of human resources.
BIt reduces the amount of land required for education.
CIt removes the need for teachers.
DIt requires more teachers to do the same work.
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19May / June 2019 · Paper 11 · Q1Show mark scheme →
Aan individual's purchase of stocks and shares
Bborrowing by a firm to pay for electricity
Cthe building by a firm of a new factory
Dtotal savings by individuals in a country
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20May / June 2019 · Paper 12 · Q1Show mark scheme →
Acapital and enterprise
Benterprise and labour
Clabour and land
Dland and capital
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21Oct / Nov 2018 · Paper 12 · Q1Show mark scheme →
Acapital
Benterprise
Clabour
Dland
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22Oct / Nov 2018 · Paper 13 · Q1Show mark scheme →
Acapital — charges on loan for fishing boat
Benterprise — salaries of fish warehouse managers
Clabour — profits of fish shop owners
Dland — fish in the sea
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23May / June 2018 · Paper 11 · Q2Show mark scheme →
Aa discovery of oil in the South China sea
Ban oil rig bought by an oil company
Cmoney held by the oil companies in their bank accounts
Dthe productivity of oil workers
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24May / June 2018 · Paper 12 · Q2Show mark scheme →
Athe aircraft operated by the airline
Bthe money the airline keeps in the bank
Cthe pilots the airline uses
Dthe shares of the airline quoted on the stock market
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25Oct / Nov 2017 · Paper 12 · Q1Show mark scheme →
Athe fields of a farm
Bthe machinery in a factory
Cthe shares of a company
Dthe staff in an office
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26Oct / Nov 2017 · Paper 13 · Q1Show mark scheme →
Agoods that can be used to produce other goods
Bmoney used to start a business
Cresources that cannot be replaced
Dthe profits of a company
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27May / June 2017 · Paper 12 · Q1Show mark scheme →
Aa farm
Ba farmer
Ca farmer's bank account
Da second-hand tractor
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28Oct / Nov 2016 · Paper 12 · Q1Show mark scheme →
Alabour: profit; capital: interest
Blabour: rent; capital: profit
Clabour: wages; capital: profit
Dlabour: wages; capital: interest
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29Oct / Nov 2016 · Paper 13 · Q1Show mark scheme →
Aa $20 banknote
Ban office
Ca photocopier
Da secretary
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30May / June 2016 · Paper 11 · Q2Show mark scheme →
Acapital
Benterprise
Clabour
Dland
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