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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 11

A fishing business uses access to the sea, a refrigerated boat, deckhands and an owner who decides where to fish and bears the risk of failure. Which classification is correct?

[1]
A

Sea is capital; boat is land; deckhands are enterprise; owner is labour

B

Sea is land; boat is capital; deckhands are labour; owner is enterprise

C

Sea is land; boat is enterprise; deckhands are capital; owner is labour

D

Sea is labour; boat is capital; deckhands are land; owner is enterprise

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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