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Main economic groups and factors of production

Economics studies how people, businesses and governments make [     ] when resources are [     ].

A

Economics studies how people, businesses and governments make products when resources are scarce.

B

Economics studies how people, businesses and governments make profits when resources are limited.

C

Economics studies how people, businesses and governments make choices when resources are limited.

D

Economics studies how people, businesses and governments make choices when resources are unlimited.

Main economic groups and factors of production Flashcards

  1. GCSE
  2. /Economics
  3. /Main economic groups and factors of production

Flashcards for OCR GCSE Economics Main economic groups and factors of production, covering the key terms, formulae and calculations you need to recall for Component 01 and Component 02. 23 cards, matched to the OCR GCSE Economics (J205) specification. Recall questions account for roughly 35% of marks at GCSE Economics, so these target the marks you can secure before the paper starts.

Flashcards