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1.2.1 Factors of production & their rewards

Topic 1.2.1 - Factors of production and their rewards This section of the Cambridge IGCSE Economics (0455) syllabus requires students to be able to define the factors of production (namely land, labour, capital and enterprise) and understand the rewards to the various factors of production. The term factors of production refers to the resources needed to produce any good or service. There are four categories of...

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