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1.1 Economic foundations

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Question 4

The owner of a furniture-repair business organises its workers and equipment and accepts the risk that the business may fail.

What is the reward for the contribution described?

[1]
A

Profit

B

Interest

C

Wages

D

Rent

Markscheme

1.1 Economic foundations Questions

  1. GCSE
  2. /Economics
  3. /1.1 Economic foundations

81 exam-style questions on AQA GCSE Economics 1.1 Economic foundations, covering 1.1.1a Needs and wants, 1.1.1b The central purpose of economic activity, 1.1.1c Key economic decisions, 1.1.1d The main economic groups, 1.1.2a The nature of an economic resource, 1.1.2b The four factors of production, 1.1.3a The basic economic problem and making choices, and 1.1.3b Opportunity cost. Each one has a worked solution and a mark scheme showing where the marks go.

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