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1.1 Main economic groups and factors of production

1.1 Main economic groups and factors of production

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Question 3

Rivertown Council pays part of the cost of an evening bus route. MoveNow Ltd operates the buses. Residents decide whether to use the service and have asked for a later final bus. The council will continue its payment only if passenger numbers rise. Analyse how the decisions of consumers, the producer and the government may affect one another in this market.

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Markscheme

1.1 Main economic groups and factors of production Questions

  1. GCSE
  2. /Economics
  3. /1.1 Main economic groups and factors of production

29 exam-style questions on OCR GCSE Economics 1.1 Main economic groups and factors of production, covering 1.1.1 Role of main economic groups and 1.1.2 Factors of production. Each one has a worked solution and a mark scheme showing where the marks go.

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