1.2 Factors of production
The factors of production refer to the resources required to produce a good or service, namely land, labour, capital and enterprise. This section of the Cambridge IGCSE Economics (0455) syllabus covers the following topics:
| Section | Topic | Guidance |
| 1.2.1 | Factors of production and their rewards |
|
| 1.2.2 | Quantity and quality of the factors of production | The causes of changes in the quantity and quality of the various factors. |
Teacher only box
- Examples of the nature of each factor of production have been removed from the syllabus (previously in Unit 1.2.1 (Definitions of the factors of production and their rewards).
- Legacy Unit 1.2.2 (Mobility of the factors of production - The influences on the mobility of the various factors) has been removed from the syllabus. Please note this when teaching students and/or using resources such as previous examination papers and mark schemes.
Please click on the relevant hyperlink below to access additional InThinking resources for this section of the syllabus.
- Topic 1.2 - Key terms (glossary)
- Topic 1.2 - True or False Quiz
- Topic 1.2 - Review questions (Paper 1 MCQ and Interactive review questions)
- Topic 1.1 - Paper 1 Exam Practice Questions (additional MCQ practise)
Return to the Topic 1 - The basic economic problem homepage
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