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1.2.2 Quantity & quality of factors of production

Topic 1.2.2 - Quantity and quality of the factors of production This section of the IGCSE Economics (0455) syllabus requires students to understand the causes of changes in the quantity and quality of the various factors of production. Recall that the factors of production are land, labour, capital and enterprise. Combined, these resources are needed to produce any good or service. The quantity and quality of the...

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