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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

A coastal hotel is built on a cliff-top site with views of the sea. The site is used together with workers, kitchen equipment and an entrepreneur to provide hotel services.

Explain, using an example from the context, what is meant by land as a factor of production.

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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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