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3.6.2 - Labour- & capital-intensive production

Unit 3.6.2 - Labour-intensive and capital-intensive productionThis section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand labour-intensive and capital-intensive production, including the reasons for using the different forms of production and their advantages and disadvantage.Factors of production are the productive resources needed to produce any good or to provide a service. They...

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